Is FBT Payable On Sale of Car At Concessional Price By The Employer?

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If employee purchases second hand car from his employer then it to be treat as perquisites and come under FBT and what rate tax or FBT employee or employer has to pay?Priti, Mumbai The second hand car given to employee at concessional price, can be termed as perquisite u/s 17(2)(viii) of the I T Act…

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