Mr. Gupta is given a motor car with chauffeur by the employer which is used for both official and personal purpose. The entire running expenses of the car amounting to ₹ 64,800 was met by the employer in the previous yea
CS Executive · Tax Laws and Practice · PYQS · June 2017
Mr. Gupta is given a motor car with chauffeur by the employer which is used for both official and personal purpose. The entire running expenses of the car amounting to ₹ 64,800 was met by the employer in the previous year 2016-17. The cubic capacity of the engine of the motor car exceeds 1.6 litres. The perquisite value of motor car taxable in the hands of Mr. Gupta is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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