Use of own car or employer’s car for personal purposes or partly for personal and partly for official purposes is a taxable perquisite. The valuation of such perquisite is dependent on certain factors, i.e., capacity of car, usage of car, etc.
Use of own car or employer’s car for personal purposes or partly for personal and partly for official purposes is a taxable perquisite. The valuation of such perquisite is dependent on certain factors, i.e., capacity of car, usage of car, etc.