Suppose Proprietor having 2 car in his firm. Can he claim Petrol Expenses for both the cars or single car. Please give reference
Amitkumar Joshi
(CA Final)
(30 Points)
Replied 17 February 2010
the proprietor can claim the petrol expenes of both the cars , provided both the cars r for business purpose.....refer sec 37
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 17 February 2010
yes he can claim expenses for both cars if used for business purpose
Puneet
(learner)
(105 Points)
Replied 17 February 2010
Dear Chaten
Propwriter can claim expnses for both cars. If he is using them for business purpose only. or if he use them partly for business, then he can claim in that ratio in which cars are using for business purpose only.
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