Tax saving through Motor car

Tax planning 1306 views 1 replies

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.

Replies (1)
Originally posted by : Vikram Garg

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.

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.


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