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Regarding Insurance Charges of Vehicle owned by relative charged to P&L or Not?

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(Querist)
14 December 2024 Respected Colleagues,
Vehicle owned by father but used by son in his business and paid insurance charges by son his current account, now my first ques is whether son will claim insurance charges as expense in P&L and if Repair & Maintenance (petrol, diesel & wear tear) of vehicle also paid by son & claim as expense, then is it in order?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 December 2024 Vehicle used by his son for his business hence the vehicle related all expenses can be claimed by the son.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 December 2024 Vehicle used by his son for his business hence the vehicle related all expenses can be claimed by the son.
Depreciation on car can't be claimed by the son.
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Jaswinder singh

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Jaswinder singh (Querist)
14 December 2024 Thanku sir
.............
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 December 2024 You are welcome...
...
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