28 June 2008
9. Motor Car Expenses: Inclusions: ? Car- hires charges for employees, visitors and outsiders. ? Driver salary for car given to employees and directors ? Petrol and diesel expenses for cars given to employees and directors ? Car lease and insurance charges ? Depreciation as per taxation requirement ? RTO tax paid ? Expenditure by way of interest on loan taken for purchase of car Exclusion: ? All expenses relating to bikes, buses, cycles, tractors. ? Salary of pool car drivers ? Initial RTO tax paid ? The buses/coaches used at airports to take passengers to the aircraft will not be covered ? Garage/parking charges
CAclubindia
