Taxability of Car Perquisite
This query is : Resolved
30 September 2009
As FBt is abolished now the perqusites are taxable in the hands of the employees as per rule 3 of income tax
Suppose the employee owns a motor car but the actual running and maintenance charges (including remuneration of the chauffeur, if any) are met or reimbursed to him by the employer and such reimbursement is for the use of the vehicle wholly and exclusively for official purposes,and
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;
Whether "travelling from residence to office and vice versa" can be treated as travelling for official purose.
Suppose the employee owns a motor car but the actual running and maintenance charges (including remuneration of the chauffeur, if any) are met or reimbursed to him by the employer and such reimbursement is for the use of the vehicle wholly and exclusively for official purposes,and
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;
Whether "travelling from residence to office and vice versa" can be treated as travelling for official purose.
01 October 2009
Yes. Travelling from residence to office and vice versa shold be treated as travelling for official purpose.
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