I am undergoing a scrutiny case of a company , where the company has not taken the CAR HIRE charges( local car hire ) under FBT and has not paid FBT tax on the same.
19 April 2011
Local Car hire charges denotes.... Local conveyance charges, which was a valid head for FBT, & hence FBT should have been paid on this during the FBT regime.
19 April 2011
Car Hire Charges (Local Car Hire)falls within Loacal Coveyance head under Fringe Benefit Tax. Therefore FBT was required to be paid on Car Hire Charges.
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