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The employer had purchased a car for Rs.

The employer had purchased a car for Rs. 3,00,000 which was being used for official purposes. After 2 year 6 months of its use, the car is sold to R, the employee, for Rs. 1,20,000. The value of this perquisite shall be __________.

A.

Rs. 72,000

B.

Rs. 60,000

C.

Nil

D.

Rs. 1,23,000

AAFM CTEP Summary

  • Vendor: AAFM
  • Product: CTEP
  • Update on: Jul 25, 2025
  • Questions: 472
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