Whether FBT is applicable for maintenance of vehicles ( for a news channel( media)-DSNG VANS) ?
CA Rahul Gupta
(Ca )
(57 Points)
Replied 04 July 2008
if the vehicle is motor car then the fbt will be aplicable.
khushboo jagdish kabra
(Article)
(38 Points)
Replied 04 July 2008
REPAIR, RUNNING OF MOTOR CAR | - | |
DRIVER REIMBURSEMENT | 20% | |
PARKING | 20% | |
TAX DEPRECIATION Dep. As per Sec. 32 chart | 20% | |
INTEREST ON LOAN | 20% | |
VEHICLE RUNNING & MAINT. | 20% | |