Value of Car for income tax purpose

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Value of Car for income tax purpose

Star
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#15

07-05-2010, 02:02 PM

Car is taken on lease.

Rule about value of conveyance is;

5% or 10% of

(a) the cost to the employer for acquiring the motor vehicle; or,

(b) the fair market value of the motor vehicle at the commencement of the lease, if the motor vehicle is taken on lease by the employer;

As you told the figure of annual value 360,000 is not correct as per my point of view.

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Value of Car for income tax purpose - by Star - 06-30-2010, 10:51 PM

[No subject] - by LapTop - 06-30-2010, 10:56 PM

[No subject] - by Star - 07-01-2010, 05:12 PM

[No subject] - by LapTop - 07-01-2010, 07:50 PM

[No subject] - by Star - 07-01-2010, 07:50 PM

[No subject] - by LapTop - 07-01-2010, 08:23 PM

[No subject] - by Star - 07-01-2010, 10:04 PM

[No subject] - by LapTop - 07-01-2010, 10:38 PM

[No subject] - by Star - 07-02-2010, 03:47 PM

[No subject] - by LapTop - 07-02-2010, 07:53 PM

[No subject] - by Star - 07-03-2010, 12:09 AM

[No subject] - by Star - 07-03-2010, 04:02 PM

[No subject] - by LapTop - 07-03-2010, 08:12 PM

[No subject] - by LapTop - 07-03-2010, 08:38 PM

[No subject] - by Star - 07-05-2010, 02:02 PM

[No subject] - by LapTop - 07-05-2010, 07:34 PM

[No subject] - by Star - 07-08-2010, 02:22 PM

[No subject] - by Star - 07-14-2010, 04:02 PM

[No subject] - by LapTop - 07-14-2010, 07:39 PM

[No subject] - by Star - 07-14-2010, 07:58 PM

[No subject] - by LapTop - 07-14-2010, 09:16 PM

[No subject] - by faisal_desperado - 07-15-2010, 05:30 PM