Motar car allowance
This query is : Resolved
31 January 2014
If the car is owned by employer and thus the taxable limit of perquiste is maximum 1800 or 2400 as per Rule 3 prescribed limit. The employees are hiring driver themself and getting it reimbusrsed from employer. What will be the taxability.
1. will it be taxable as perquistie
2. Can employer maintain log book or prepare certificate as per condiitons mentioned in Rule
1. will it be taxable as perquistie
2. Can employer maintain log book or prepare certificate as per condiitons mentioned in Rule
31 January 2014
HI
If log book is maintained then perq is not taxable.
Thx
If log book is maintained then perq is not taxable.
Thx
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