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FBT ON PARKING OF MOTOR CAR

This query is : Resolved 
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(Querist)
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.
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
03 April 2009 Yes. It should be treated as part of vehicle maintenance and should attract FBT automatically.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
03 April 2009 i dont think fbt is attracted
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Taranjit Singh

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Taranjit Singh (Expert)
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.
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Om Prakash Singh

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Om Prakash Singh (Querist)
04 April 2009 Hi Devanshi
What u think about parking charges for motor car
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CA JAIMIN TRIVEDI

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CA JAIMIN TRIVEDI (Expert)
04 April 2009 FBT is attracted as any running expenses relating to motor car is included. It will be included in motor car expenses
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
06 April 2009 i think its not running and maintenance expense... so i dont think fbt will be attracted...
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Deepak Ladda

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Deepak Ladda (Expert)
07 April 2009 Yes FBT is attracted as the act says repairs and maintenance & FBT has to be paid
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