car petrol expenses

This query is : Resolved

Ajay Kaul (Querist)
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10 February 2009 what are the implications of car petrol expense paid by employer on the car which bleongs to the employee (i.e car is not provided by the employer).

1 Offical use
2 Personal use
3 Both for Offical & Personal use
Please tell me the implication of income tax & FBT as far as above expenses is concerned.(what are the documents that shouid be attached to take the tax benefit).

Jitender

Jitender (Expert)
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10 February 2009 in all the cases it is liable to FBT , unless the employer is individual.

Ajay Kaul

Ajay Kaul (Querist)
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11 February 2009 Thanks for replying ,Please tell me what are the implications on the income tax of employee & what proofs employee has to give for that purpose.

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