Can we use businesss vehicle (car) for personal use

can we use business's vehicle (car) for personal use in sole proprietorship??
Replies (5)
Quick Summary
As a sole proprietor, using a business vehicle for personal use is generally not permissible. Expenses like depreciation and repairs associated with personal use cannot be claimed against business profits. Similarly, purchasing a building with business funds and using it personally is a violation, as assets on the balance sheet must be for business purposes to claim depreciation. It's crucial to maintain a clear distinction between personal and business expenses.

No because the maintenance costs like depreciation and repairs are reducing profits. 

Or can we purchase building from business money and record in b/s of business and use it for personal use??
No building in balance sheet to be used for business purpose only.
Otherwise depreciation can't be allowed in full.
No it's a violation
You cannot demarcate between person expenses and business expenses in case of of a solepropreitor business.

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