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purchase of vehicles through co

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Mrityunjay (Querist)
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07 May 2010 Dear All,

Please guide me If we purchase the vehicles through our co for Employees, what are the benifits to the company

Regards
Mrityunjay

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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07 May 2010 You can claim depreciation on motor car and also interest,if paid, on loan for purchasing car is allowable busines expenses.

CA Shiv (Expert)
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07 May 2010 Yes you can claim depreciation and interest and petrol exp all that... as a business expense..

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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07 May 2010 agreed with experts.

Mrityunjay (Querist)
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08 May 2010 Thank you very much,,,,

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