Income tax on proprietorship firm

Sargam Somani (Sr.Manager) (28 Points)

14 November 2015  

Hi Sir / Madam,

I have started Proprietorship firm,  I operate my business from my residence. Can I show the foll expenses as reimbursement to my family member in firm's books of accounts:

  1. Landline Telephone Bill, which is in the name of my Mother in Law used for my business
  2. Mobile Bill, which is in the name of my husband used for my business
  3. Petrol bill of Car of my husband which is sometime used for my business purpose
  4. Medical expenses on myself & my family member

Request your revert on my above query.

Thanks,

Bharti Somani