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Guys pls revert at the earliest
what will be the value of prerequisite if employer had provided the employee with two cars one big car worth Rs. 6,00,000/- and a small car worth Rs. 3,00,000/- and both the cars have been used for both personal and official purpose. employer has paid only official exp. of cars. the exp. relating to cars are Rs. 80,000/- for big car and Rs. 60,000/- for small.
Replies (9)
cubic capacity less than 1600 - 1800 pm
cubic capaciry more than 1600 - 2400 pm
driver also provided 900pm
above amt would taxable (actual expenses ingnored)
cubic capaciry more than 1600 - 2400 pm
driver also provided 900pm
above amt would taxable (actual expenses ingnored)
but employer has paid only official expenses..
it will be great if you will provide me with the full of solution
it will be great if you will provide me with the full of solution
exempt
if car was provided for official purpose than fully exempt
it does not amt to perquisitr
fully personal - exp paid by employar full amt taxable
fully official purpose - exp paid by employar fully exempt
partly personal partly official - notional amt taxable ( actual exp paid by employar - simply ignored ) cubic capacity less than 1600 - 1800 p.m. per car
cubic capacity more than 1600- 2400 p.m. per car
cubic capacity more than 1600- 2400 p.m. per car
now its Crystal clear
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