Calculate the value of amenity of motor car provided by the employer in the following case assuming that the employee is specified one :- Free use of employer's car having engine of 2.0 litre cubic capacity for personal
CS Executive · Tax Laws and Practice · PYQS · June 2021
Calculate the value of amenity of motor car provided by the employer in the following case assuming that the employee is specified one :- Free use of employer's car having engine of 2.0 litre cubic capacity for personal as well as official purpose. Expenses relating to personal uses are borne by assessee. The car is driven by the assessee himself. (Assuming assessee has not opted U/s 115BAC).
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act, 1961
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