https://www.taxtmi.com/forum/issue?id=119506 Company policy treats employer-provided cars as a perquisite under income from salary. If an employee selects a car above their eligibility limit, the employer recovers the excess; the vehicle is capitalized up to the eligibility limit and the excess is deducted from the purchase price. Insurance premia corresponding to the excess insured value are recovered from the employee. The queries concern the permissibility and treatment of recovering the excess purchase amount and the related insurance premium. en-us Wed, 08 Jan 2025 18:28:06 +0530 Thu, 23 Jan 2025 14:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119506 Company policy treats employer-provided cars as a perquisite under income from salary. If an employee selects a car above their eligibility limit, the employer recovers the excess; the vehicle is capitalized up to the eligibility limit and the excess is deducted from the purchase price. Insurance premia corresponding to the excess insured value are recovered from the employee. The queries concern the permissibility and treatment of recovering the excess purchase amount and the related insurance premium. Discussion-Forum GST Wed, 08 Jan 2025 18:28:06 +0530 https://www.taxtmi.com/forum/issue?id=119506