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Question ID : 95

FBT on Repair, runng (cludg fuel), nance of motor car and depreciation thereon. Quion: Motor car

FBT on Repair, runng (cludg fuel), nance of motor car and depreciation thereon.

Quion:
Motor car purchased on three years Lease fanace, the quion is whether the stalment( consists of prciple and ter) will be covered under the FBT. It is to be noted that it is just purely a fance of the car and not the lease rent. '

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Posted by V.K Jain on Aug 30, 2005
Filed Under DIRECT TAXES

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