About Exp.
This query is : Resolved
19 July 2010
A Propritor paid electricity,telephone, and society maintenance charges of his business as well as his house from his business a/c, can he claim same to it there business exp.
19 July 2010
yES, HE CAN CLAIM, BUT HE SHOULD HAVE TO CLAIM IN SOME PROPORTIONATE RATIO.
LIKE TELEPHONE EXP IS USED MAINLY FOR BUSINESS - THEN HE CAN CLAIM 80% TO 90% AS BUSINESS , BALANCE FOR PERSONAL.
SAME FOR OTHER EXP.
LIKE TELEPHONE EXP IS USED MAINLY FOR BUSINESS - THEN HE CAN CLAIM 80% TO 90% AS BUSINESS , BALANCE FOR PERSONAL.
SAME FOR OTHER EXP.
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