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Taxability of reimbursement claims for vehicle exps

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(Querist)
17 August 2010 Whether reimbursement of vehicle expenses supported by bills can be trated as non taxable in hands of employees evenif the vehicle is not owned by employee ?

Is it a pre requiste that employee should be the owner of vehicle for which he is claiming reimbursement?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 August 2010 Reimbursement of offical vehicle expenses is not taxable, if reimburment of

1. Private puropose- fully taxable

2. Part private & part offical- taxable as per perqusite valuation rules

both the condition applicable whether employee owner of the vehicle or not
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