FBT on scooter maintenance

Yea...as it cmprises one of the assets and moreover depreciation is evn claimable on such vehicle.

FBT will be applicable on expenses incured on vehicle running & maintenance as well as depreciation on vehicles. But w.e.f  F.Y. 2009-10, FBT is abolished.

regards,

ratan

ya i agree

Maintenance expenses of two  wheeler is not liable to FBT. scooter is a two wheeler, so maintenance is not a fbtialble expense. only four wheeler's maintenace is fbtiable expens

Here, four wheeler means only motor car and nothingelse. (ref: taxmanns direct taxes ready reckoner 32 edition  page no. A-392)

Satish............is it any where given in the definition of vehicle.....as u said only applicable to forur wheelres only........? If so.....kindly let me know about that............

Scooter maintenance is not liable to FBT.

As per section 115WB (2)(H) of the income tax act 1961, Expenditure on repair of motor car,running of motor car including fuel,maintenance expenditue of motor car,income tax depreciation on motor car, lease rent of motor car, salary paid to the drivers of motor car,rent of garage of motor car and interest on loan taken to purchase motor car is liable to FBT.