Example:-X owns car (1400cc). He uses it partly for official purposes and partly for private purposes. During the previous year 2014-15, he incurs a sum of 40,000 on running and maintenance of car. Besides, he has engaged a driver (salary 24,000). The employer reimburses the entire expenditure of 64,000. Log book of the car is not maintained.

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....ides, he has engaged a driver (salary 24,000). The employer reimburses the entire expenditure of 64,000. Log book of the car is not maintained.<br>Salary - Perquisites - Motor Car - (Rent Free / Conce....