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Petrol Exps of 2 Wheelers

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(Querist)
23 May 2008 Hello,

Does petrol expenses paid towards two wheelers of employees become liable for FBT under the category of 'Conveyance'?
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
23 May 2008 no only four wheelers petrol exp are liable to fbt
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
23 May 2008 Yes, liable to FBT under Conveyance.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
25 May 2008 No liability to FBT in respect of two wheelers

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