Tax Treatment

This query is : Resolved 

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.?

26 October 2008 if employer is not an individual ,then expenses of car as well as interest is chargeable to fbt.

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




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