When a company gifts a new car to its employee.
This query is : Resolved
06 January 2026
When a company gifts a new car to its employee, the payment for the car is made by the company and the car is purchased in the name of the employee, then what will be the accounting treatment.
09 January 2026
Car gifted to employee is an employee perquisite, not company asset.
It must be expensed in books, taxed in employee hands, and cannot be depreciated.
It must be expensed in books, taxed in employee hands, and cannot be depreciated.
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