SALARY
This query is : Resolved
17 April 2010
X an Indian national.
Car (1510cc)owned by X is used for official & personal purposes [expenditure reimbursed by the employer :Rs.1,58,000 ,as per certificate issued by the employer Rs.1,22,000 is attributable towards official use of the car].
How will be the perquisite taxable in hands of X ? [as per provision applicable for may exam
Car (1510cc)owned by X is used for official & personal purposes [expenditure reimbursed by the employer :Rs.1,58,000 ,as per certificate issued by the employer Rs.1,22,000 is attributable towards official use of the car].
How will be the perquisite taxable in hands of X ? [as per provision applicable for may exam
CMA Ramesh Krishnan
(Expert)
17 April 2010
Actual reimbursed by the Employer and deduct the offcial purpose certified by the employer balance is taxable as perqusites in the hand of employee.but along with the employer certification following details has to produce
the employer has maintained complete details of journey undertaken for official purpose which may include date of journey, destination, mileage, and the amount of expenditure incurred thereon;
the employer has maintained complete details of journey undertaken for official purpose which may include date of journey, destination, mileage, and the amount of expenditure incurred thereon;
18 April 2010
AGREE WITH EXPERT
18 April 2010
AGREE WITH RAMESH JI. YOU HAVE TO MAINTAIN LOG BOOK OF JOURNEY.
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