How to find the following proportion

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sandip (Querist)
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15 October 2013 Dear Sir/Madam,
In Profit & Gains from B/P, if the asset is used proportionately between business and personal use, how to find the proportion of use in practical life?

@VaibhavJ

@VaibhavJ (Expert)
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15 October 2013 Hi

You have to make assumption its usage basis.

Thanks//VaibhavJ

sandip

sandip (Querist)
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15 October 2013 Hi Vaibhav sir,
Thanks for the reply. Suppose a car is used for both personal & business purpose simultaneously, how to determine its usage practically?

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@VaibhavJ

@VaibhavJ (Expert)
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16 October 2013 Hi

You have to maintain log book to monitor no of Km. car used for personal & official use.

Thanks//VaibhavJ