banner_ad

Whether FBT is payable on Interest on Car Loan

Others 3510 views 14 replies

Whether FBT is payable on interest paid on car loan?

Replies (14)

yes FBT is payable on Interest on car loan

agree for the same. FBT is applicable
 

yes

FBT is payable

YES FBT is payable ....go thru CBDT GUIDELINES  there s question on that

FBT is payable on interest on loan taken to purchase car  paid or provided.

yes,it is payable.

Yes it is payable

yes it is liable to fbt

Yes it attracts FBT

CBDT is of the opinion that Interest on Car Loan attract FBT. However, personally I amnot convinced that interest on CAR LOAN is not an expenses in the nature of Repair, running(including fuel), maintanance of MOTOR CAR.

True but it is a perquisite.

yes

 

i agree with Mr.CA. O.P. Agarwalla view...

Yes FBT applicable for Car Loan Intt. Pls go through CBDT guide line


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details