perquisite in respect of motor car
This query is : Resolved
02 August 2010
as per the latest edition of vk singhania
(1)where caR IS OWNED BY EMPLOYEE & is used partly for official purpose & partly for private
& expenses are met by employer
then amount to be deducted w.r.t official purpose is Rs1800pm where car's capacity is below 1600cc & 2400 for above 1600cc & Rs900 pm for driver.
(2)where car is owned by employer but expenses are met by employee
then then amount to be deducted w.r.t official purpose is Rs1800pm where car's capacity is below 1600cc & 2400 for above 1600cc & Rs900 pm for driver.
BUT AS PER PADHUKA THIS LIMIT IS
BELOW 1600CC RS1200pm+600pm(DRIVER)
ABOVE 1600CC RS1600pm+600pm(DRIVER)
which is the correct one??
(1)where caR IS OWNED BY EMPLOYEE & is used partly for official purpose & partly for private
& expenses are met by employer
then amount to be deducted w.r.t official purpose is Rs1800pm where car's capacity is below 1600cc & 2400 for above 1600cc & Rs900 pm for driver.
(2)where car is owned by employer but expenses are met by employee
then then amount to be deducted w.r.t official purpose is Rs1800pm where car's capacity is below 1600cc & 2400 for above 1600cc & Rs900 pm for driver.
BUT AS PER PADHUKA THIS LIMIT IS
BELOW 1600CC RS1200pm+600pm(DRIVER)
ABOVE 1600CC RS1600pm+600pm(DRIVER)
which is the correct one??
02 August 2010
The correct one is Rs1800 pm where car's capacity is below 1600cc & Rs 2400 for above 1600cc.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
