URGENT : Seeking Expert opinion : FBT on driver's salary?
This query is : Resolved
12 December 2008
Sir,
I am confused. Yesterday i got two opinion stating Driver's salary should be included in vehicle running & maint exp.
Please refer to "CIRCULAR No. 8/2005, dt 29/8/05 of Fin Act, 2005.
Point No. 78
Reimbursement in respect of car exp on the basis of bills submitted & driver's salary on the basis of declaration :
such reimbursement is effectively exp of employers for the purpose ofconveyance, tour & travel covered in clause (F). SO IT IS A CONVEYANCE EXP.
Point No. 87
Salary paid to driver of a motor car :
is a vehicle running & maint exp.
THE ABOVE TWO POINTS ARE CONTRADICTORY.
CAN U URGENTLY CLARIFY.
WHAT IS THE CORRECT TREATMENT?
Thanks
Subhash
I am confused. Yesterday i got two opinion stating Driver's salary should be included in vehicle running & maint exp.
Please refer to "CIRCULAR No. 8/2005, dt 29/8/05 of Fin Act, 2005.
Point No. 78
Reimbursement in respect of car exp on the basis of bills submitted & driver's salary on the basis of declaration :
such reimbursement is effectively exp of employers for the purpose ofconveyance, tour & travel covered in clause (F). SO IT IS A CONVEYANCE EXP.
Point No. 87
Salary paid to driver of a motor car :
is a vehicle running & maint exp.
THE ABOVE TWO POINTS ARE CONTRADICTORY.
CAN U URGENTLY CLARIFY.
WHAT IS THE CORRECT TREATMENT?
Thanks
Subhash
12 December 2008
This query is answered.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Applicability of Ind As to associate of associate
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Gst input for FY 23-24
- Tax on capital gains revoked us 54f
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
