Expenditure of Car
This query is : Resolved
23 November 2009
Respected Experts,
If a doctor is using two cars for his profession can he claim expenses of 2 cars for same profession.
Thanks
Debashis
If a doctor is using two cars for his profession can he claim expenses of 2 cars for same profession.
Thanks
Debashis
23 November 2009
Hi Debashis, yes as long as the asset is used for the purpose of profession, there is no limit on no. Regards,
CA Shakuntala Chhangani
CA Shakuntala Chhangani
23 November 2009
yes
23 November 2009
Yes
23 November 2009
No Limit on the no of cars used in business / profession. For the test of allowability of expenses, the expense must relate to the business / profession of assessee (Sec 37)
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