14 June 2008
If a company owns a car expenditure related to that car is attracted for fbt but in the case where the company hie a car whether the hire charges & expenditure related ie petrol, maintenance is attracted for F.B.t
Mr. Jaya & others even I have a question, when the staff is utilising the car, why fbt will not be calculated on hire charge. afterall its a Frieng benifit utilising by the staff.
CAclubindia
