Mr. Gupta is given a motor car with chauffeur by the employer which is used for the both official and personal purpose. The entire running expense of the car amounting to ₹ 64,800 was met by the employer in the previous year 2020-21. The cubic Capacity of the engine of the motor car exceeds 1.6 liters. The perquisite value of motor car taxable in the hands of Mr. Gupta is –
A. ₹ 19,200
B. ₹ 39,600
C. ₹ 28,800
D. ₹ 28,000
Answer:B
Mr. Gupta is given a motor car with chauffeur by the employer which is used for the both official and personal purpose. The entire running expense of the car amounting to ₹ 64,800 was met by the employer in the previous year 2020-21. The cubic Capacity of the engine of the motor car exceeds 1.6 liters. The perquisite value of motor car taxable in the hands of Mr. Gupta is –
A. ₹ 19,200 B. ₹ 39,600 C. ₹ 28,800 D. ₹ 28,000