URGENT : Seeking Expert opinion : FBT on driver's salary?
This query is : Resolved
CMA. Subhash Kumar Jha
(Querist)
12 December 2008
Sir,
I am confused. Yesterday i got two opinion stating Driver's salary should be included in vehicle running & maint exp.
Please refer to "CIRCULAR No. 8/2005, dt 29/8/05 of Fin Act, 2005.
Point No. 78
Reimbursement in respect of car exp on the basis of bills submitted & driver's salary on the basis of declaration :
such reimbursement is effectively exp of employers for the purpose ofconveyance, tour & travel covered in clause (F). SO IT IS A CONVEYANCE EXP.
Point No. 87
Salary paid to driver of a motor car :
is a vehicle running & maint exp.
THE ABOVE TWO POINTS ARE CONTRADICTORY.
CAN U URGENTLY CLARIFY.
WHAT IS THE CORRECT TREATMENT?
Thanks
Subhash
I am confused. Yesterday i got two opinion stating Driver's salary should be included in vehicle running & maint exp.
Please refer to "CIRCULAR No. 8/2005, dt 29/8/05 of Fin Act, 2005.
Point No. 78
Reimbursement in respect of car exp on the basis of bills submitted & driver's salary on the basis of declaration :
such reimbursement is effectively exp of employers for the purpose ofconveyance, tour & travel covered in clause (F). SO IT IS A CONVEYANCE EXP.
Point No. 87
Salary paid to driver of a motor car :
is a vehicle running & maint exp.
THE ABOVE TWO POINTS ARE CONTRADICTORY.
CAN U URGENTLY CLARIFY.
WHAT IS THE CORRECT TREATMENT?
Thanks
Subhash
CA Tilak Raj Sharma
(Expert)
12 December 2008
This query is answered.
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