Hr Manager
Corporate Hr Head
+2 Others

Thread Started by #anirudhajadi

Can any one share more info on tax friendly "car lease" / "car rent" component as part of salary / cost to the company / perk ?
19th February 2007 From India, Hyderabad
Dear Anirudha,
Best for Comapnies is to buy a car and allot it to its employee for official work. This way Company saves on depreciation and employee on taxes.
If Company does not want to buy it itself then best will be to ask employees family member (one who is not a tax payer) to buy it and then lease it to the Company. Company then can allot it back to the employee for official work.
You can go for either of the two alternatives.
Third alternative will be to take it on lease from outside and allot it to the employee.
19th February 2007 From India, Delhi
Finding a lease transfer now a days is becoming a little harder to do given that these sites are popping up like weeds.
One way to tell or at least get some indication of how well you might fair when thinking of using a lease swap service is to see how long they've been in business and how much traffic the site receives.
Lease transfers have become extremely popular with the economic situation faced daily by everyone. That's why I suggest a site called:
-----> TakeMyPayments.com <------
Searching their database is free and contact between the seller and the buyer is confidential.
16th August 2009 From United States, La Puente
Dear Anirudh
Buy car in individuals name and let the company pay the EMI for the same. This way the company can show all the expenses so related to the car as business expenses, and the company when takes the car in the name of individual employee, they need not pay higher corporate tax.
Also don't make the car part of employees CTC, thus after three years the company can sell the car and show depreciation in books of accounts.
I am not very good in Tax and finance, so kindly do verify above idea with Finance person before you even think of working on the above idea
16th August 2009 From India, Mumbai
Re: Car Lease fromat I want a fromat for car lease to make a tieup with company Can any one share more info on "car lease" / "car rent" Naga
7th January 2010 From India, Madras
Dear Naga, Please find the attached file as format of car lease agreement.
9th July 2010

Attached Files
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File Type: doc VEHICLE LEASE AGREEMENT.doc (36.5 KB, 3758 views)

We are 1year old start up providing support to analytics and IT firm, our vendor is in US who sent firewall to India which got hold at bangalore customs. Can anyone help me how to find a vendor to get rid of this issue?
7th June 2018 From India, Bengaluru
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