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(Querist)
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
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CMA Ramesh Krishnan

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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;
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
18 April 2010 AGREE WITH EXPERT
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
18 April 2010 AGREE WITH RAMESH JI. YOU HAVE TO MAINTAIN LOG BOOK OF JOURNEY.
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