Perquisite on Car Lease by Company

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Hi,

The employer of the assessee is to take out a car lease in the name of the employer. However, the lease payments shall be made by the employee and the same shall be re-imbursed to the employee by the employer. What shall be the tax, if any, of the use of the car by the employee. 

Thanks in advance

Replies (1)

Hi,

 

Can the employee claim fuel and maintaince perquiste if the car is registered in the name of family members like his father.

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