Tax treatment for car lease by employer to employee

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Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2010 what is the treatment of car lease reimbursed by employer to employee as per income tax act?

CA Archana (Expert)
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25 March 2010 Its a taxable fringe benefit in hands of employee

Querist : Anonymous

Querist : Anonymous (Querist)

26 March 2010 What if the car has been used for only official purposes?

CMA Ramesh Krishnan (Expert)
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26 March 2010 please refer the perquisites valuation

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