For the current FY (2010-11), is their any tax benefit available to employees, if the car is used for private & official purpose both. If yes, which option is more beneficial
1. Car owned by employee
2. Car provided to empoyee through lease option
3. Car owned by employer.
| Originally posted by : Vikram Garg | ||
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For the current FY (2010-11), is their any tax benefit available to employees, if the car is used for private & official purpose both. If yes, which option is more beneficial 1. Car owned by employee 2. Car provided to empoyee through lease option 3. Car owned by employer. |
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as you have not mentioned the status and main business of the company, yes its beneficial to have in name of employer, coz he can claim depriciation.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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