https://www.taxtmi.com/tmi_notes?id=95 Example:-X is employed by a company. He has been provided a car (1200cc) owned by employer, cost of the car is 4,26,000. The expenditure incurred by the company on maintenance of the car are – petrol: 46,000, driver: 36,000 and maintenance: 10,000. The car can be used by X partly for official purposes partly for personal purposes. A sum of 12,000 is recovered from X. en-us Tue, 11 Aug 2015 10:46:00 +0530 Tue, 11 Aug 2015 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/tmi_notes?id=95 Example:-X is employed by a company. He has been provided a car (1200cc) owned by employer, cost of the car is 4,26,000. The expenditure incurred by the company on maintenance of the car are – petrol: 46,000, driver: 36,000 and maintenance: 10,000. The car can be used by X partly for official purposes partly for personal purposes. A sum of 12,000 is recovered from X. Notes Income Tax Tue, 11 Aug 2015 10:46:00 +0530 https://www.taxtmi.com/tmi_notes?id=95