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 hire a car whether the hire charges & expenditure related ie petrol, maintenance is attracted for F.B.t
14 June 2008
only owened car are covered under section 115WB 2 (H) , SO EXPENSESE INCURRED IN RELATION TO HIRED CARS OBTAINED BY LEASES ARE NOT COVERED UNDER THIS SECTION.
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