Whether FBT is payable on interest paid on car loan?
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Whether FBT is payable on Interest 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
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