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Fringe Benefit tax

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(Querist)
17 September 2008 For Valuing the Fringe Benefit tax, It is necessary for company to have its own Motor cars

Expenses incurred by the company on Rent, Insurance and running & maintance of Motor car owned by the directors would attaract FBT?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
17 September 2008 Yes, FBT is payable on the expenses mentioned.

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