FBT ON PARKING OF MOTOR CAR
This query is : Resolved
03 April 2009
Dear Expert
what is treatment of parking charges paid for motor car. Whether it may be trated as motor car expenses and attract FBT.
what is treatment of parking charges paid for motor car. Whether it may be trated as motor car expenses and attract FBT.
03 April 2009
Yes. It should be treated as part of vehicle maintenance and should attract FBT automatically.
03 April 2009
i dont think fbt is attracted
04 April 2009
The act provides this....
(m) repair, running and maintenance of motor cars;
So Parking chargs under running and maintenance will attract FBT.
(m) repair, running and maintenance of motor cars;
So Parking chargs under running and maintenance will attract FBT.
04 April 2009
Hi Devanshi
What u think about parking charges for motor car
What u think about parking charges for motor car
04 April 2009
FBT is attracted as any running expenses relating to motor car is included. It will be included in motor car expenses
06 April 2009
i think its not running and maintenance expense... so i dont think fbt will be attracted...
07 April 2009
Yes FBT is attracted as the act says repairs and maintenance & FBT has to be paid
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
