FBT rate for Car Hire

This query is : Resolved 

06 December 2008 Dear Sir,

Our marketing people travel to various states for marketing of our product where they locally hire car while they are on tour
We receive the separate bill for this car hire charges from the vendor

I want to know what is the FBT rate applicable on this expenditure

Regards

Ravi Konda

06 December 2008 Value of Fringe Benefit in this case will be 5%.

06 December 2008 5% under Tours & travels (Incld foreign travels)




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