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(Querist)
26 August 2010 Please tell me, How to booked vechile purchase on loan of a pvt ltd co. Can it be shown in the books of the co. as an expense?
vechile purchase 1239000/-
no. plate charges 950/-
logistic/itching charges 3550/-
transport dept, U.P. 87047/-

Please tell me (journal entries ).
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 August 2010 Medical expenses is personal nature, If it is in employment term need to add employee cost and valuation need to made as per perquisite valuation rules sec.17(2) and taxed accordingly
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Sandeep Dixit

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Sandeep Dixit (Querist)
17 June 2011 ok, thanks
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