Motor vehicle partly for personal and business - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Tax (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=8) +--- Thread: Motor vehicle partly for personal and business (/showthread.php?tid=6811) |
Motor vehicle partly for personal and business - adnan2adee@yahoo.com - 10-30-2009 Where the motor vehicle is used by the employee partly for his personal and partly for business purposes then 5% of vehicle cost is included in taxable income of employee using it. Please anybody tell me if employee is using this vehicle for some years. then either every year 5% of Orginal Cost is Taxable or 5% of WDV? |