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Tax Treatment

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(Querist)
25 October 2008 What is the treatment of the case when the employer provides a car to its employee and it also pays the EMI of the car.?
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Jitender

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Jitender (Expert)
26 October 2008 if employer is not an individual ,then expenses of car as well as interest is chargeable to fbt.
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CA Bosu babu

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CA Bosu babu (Expert)
28 October 2008 Interest(=EMI-EMprinciple),Depreciation,petrol exps and other related exps will be chargeble to FBT
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