Regarding chargebility of FBT
This query is : Resolved
27 August 2009
Dear friends,
I am facing a problem on chargeability of FBT on the amount of Additional Depreciation on commercial vehicle such as Motor cars etc.
1.) Please guide me whether FBT will be charged on the additional depreciation?
2.) Whether additional depreciation will be charged on the Motor Cars (For ex. BMW) purchased after 01.01.2009?
I am facing a problem on chargeability of FBT on the amount of Additional Depreciation on commercial vehicle such as Motor cars etc.
1.) Please guide me whether FBT will be charged on the additional depreciation?
2.) Whether additional depreciation will be charged on the Motor Cars (For ex. BMW) purchased after 01.01.2009?
27 August 2009
FBT is applicable on Depreciation upto AY 09-10. Irresoective of addtional depn or normal depn FBT is applicable on the same. Further in my opinion BMW will not form part of commercial vehicle. you can check the defination of commercial vehicle for the purpose of claiming additional depreciation.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
