Interest on car loan
This query is : Resolved
30 July 2011
Director of pvt.ltd co. taken loan in his personal name.car is not shown in comapny's b/s.can company claim interest as business expenditure as director use the same for company purpose.
is necessary the loan shall be on name of company.
URGENT
is necessary the loan shall be on name of company.
URGENT
30 July 2011
No. it is not business expenditure, Loan & Car should be in the name of the company
01 August 2011
if in this case ,company reimbused interest on car loan taken by director and claim the same as business exp. then it is allow or not ? car is being used by director for office purpose.?
agreement btw director and co. shown reimbursement personal exp. of director shold be born by co.?
agreement btw director and co. shown reimbursement personal exp. of director shold be born by co.?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- GST ISSUE OF INPUT AND OUTPUT GST
- Change Of Karta In Case of Death
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
