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Incentive for car to employees

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 May 2013 What is exemption offered to an proprietor employer if he offering an incentive to buy a car for his employee ? Amount to be given is about 4 Lacs and owner is sole proprietor.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
06 September 2013 it can be treated as employee cost. in the hands of employee it is fully taxable
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 September 2013 Many thanks sir
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 September 2013 Many thanks sir

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