Perquisite of Company Vehicle
YASHPAL RAWAT
(Querist) 22 February 2010
This query is : Resolved
The company vehicle is given to staff and all the running expense and Driver Salary are reimbursed to employee and employee say that the vehicle is used only for official purpose and even Journey between from Residence to Office is also come under official Duty so we should not charge it as perquisite kindly advise me .
A V Vishal
(Expert) 22 February 2010
Motor car is owned/ hired by employer (a) Car used exclusively in performance of official duties Rule 3(2)(A)(1)(a) No value, provided specified documents are maintained by employer
Specified Documents:
(a) Employer has maintained complete details of journey undertaken for official purpose which may include date of journey, destination, mileage, and the amount of expenditure incurred thereon
The employer gives a certificate to the effect that the expenditure
