How to find the following proportion
This query is : Resolved
15 October 2013
Dear Sir/Madam,
In Profit & Gains from B/P, if the asset is used proportionately between business and personal use, how to find the proportion of use in practical life?
In Profit & Gains from B/P, if the asset is used proportionately between business and personal use, how to find the proportion of use in practical life?
15 October 2013
Hi
You have to make assumption its usage basis.
Thanks//VaibhavJ
You have to make assumption its usage basis.
Thanks//VaibhavJ
15 October 2013
Hi Vaibhav sir,
Thanks for the reply. Suppose a car is used for both personal & business purpose simultaneously, how to determine its usage practically?
Thanks for the reply. Suppose a car is used for both personal & business purpose simultaneously, how to determine its usage practically?
16 October 2013
Hi
You have to maintain log book to monitor no of Km. car used for personal & official use.
Thanks//VaibhavJ
You have to maintain log book to monitor no of Km. car used for personal & official use.
Thanks//VaibhavJ
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