Query regarding F.B.T
This query is : Resolved
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
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.
14 June 2008
Yes, FBT on petrol expenses paid by u, then FBT will be calculated, as the staff is benifitting it,
If the hire charge is incl., of fuels & other charges, then it all exp., will be treated as Hire charges
If the hire charge is incl., of fuels & other charges, then it all exp., will be treated as Hire charges
05 April 2012
FBT has been abolished, so this query is not relevant anymore. Query is closed.
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