Query regarding F.B.T
This query is : Resolved
jayaprakash
(Querist)
14 June 2008
If a company owns a car expenditure related to that car is attracted for fbt
but in the case where the company hie a car whether the hire charges & expenditure related ie petrol, maintenance is attracted for F.B.t
but in the case where the company hie a car whether the hire charges & expenditure related ie petrol, maintenance is attracted for F.B.t
AMIT DOSHI
(Expert)
14 June 2008
YES
MANAS ROUT
(Expert)
14 June 2008
only owned car are under fbt,expenditure incurred for hired & leased car is outside the purview of fbt.
Azmathullah Khan
(Expert)
14 June 2008
Mr Amit is right.
Mr. Jaya & others even I have a question, when the staff is utilising the car, why fbt will not be calculated on hire charge.
afterall its a Frieng benifit utilising by the staff.
Mr. Jaya & others even I have a question, when the staff is utilising the car, why fbt will not be calculated on hire charge.
afterall its a Frieng benifit utilising by the staff.
Dhirajlal Rambhia
(Expert)
15 June 2023
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