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IS FBT APPLICABLE ON VEHICLE HIRE CHARGES

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(Querist)
19 September 2007 Is FBT applicable on vehicle hiring charges of a consern & under what section is it applicable
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R.V.RAO

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R.V.RAO (Expert)
19 September 2007 SEC 115 WB(2)H -ITEM -5 -LEASE RENT OF MOTOR CAR ( DEEMED FRINGE BENEFIT)AT THE RATE OF 20%
RATE IS 5% (IF APPLICABLE) TO CARRIERS OF PASSENGERS /GOODS BY CAR
C.A.R.V.RAO

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