Q:

Whether expenditure on repair, running and maintenance of delivery/ display vans, trucks/lorries, ambulances and tractors is liable to FBT?

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Delivery/ display vans, trucks/lorries, ambulance and tractor are not 'motorcars' within the meaning of clause (H) of sub-section (2) of section 115WB. Therefore, expenditure on the running, repair and maintenance of such vehicles is not liable to FBT.  more
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