23 August 2007
THe Company has purchased a car and has given its maintenance to a different company which will look after drivers salary, maintenance, fuel etc. So, whether the amount paid to that company liable to FBT? The contract is for two cars one will be used exclusively for pick and drop facility of employees and the other one for official purposes. The company is engaged in hospitality busines i.e. Hotel?
Please mail your response to ankurchhapolika@gmail.com
23 August 2007
In my opinion,1 car for come under FBT provision including all the charges as defined by you,2. w.e.f 2007-08 free & susidized tranport for employee for his resident to office shall not count for FBT.
CAclubindia
