Travelling include travel from vehicle
This query is : Resolved
02 April 2009
Hello Sir/Madam
Clear me that when a people hire a vehicle for travelling outside the city/state or use his own vehicle for visit outside the city/state then the Fuel expenses come under which head whether it come under travelling and pay FBT @5% or it should come under vehicle running & Maintainace and Pay FBT@20%.
Clear me that when a people hire a vehicle for travelling outside the city/state or use his own vehicle for visit outside the city/state then the Fuel expenses come under which head whether it come under travelling and pay FBT @5% or it should come under vehicle running & Maintainace and Pay FBT@20%.
02 April 2009
(1) I suppose your reference to vehicle in query is to motor car
(2) Words "(including fuel)" are used in definition of Sec 115WB(2)(H) for Motor Car Expenses; so FBT is payable on 20 % of expenditure
(3) There is no scope to cover it under Travelling since definition for Motor Car Expensess explicitly included words (including fuel)
So according to Govt., if an Employee performs journey in a motor car to a place even outside his work place for official work, he spends 80 % of time for office work and 20% of time for personal work !
(2) Words "(including fuel)" are used in definition of Sec 115WB(2)(H) for Motor Car Expenses; so FBT is payable on 20 % of expenditure
(3) There is no scope to cover it under Travelling since definition for Motor Car Expensess explicitly included words (including fuel)
So according to Govt., if an Employee performs journey in a motor car to a place even outside his work place for official work, he spends 80 % of time for office work and 20% of time for personal work !
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
