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Car Expenses

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(Querist)
13 September 2010 A partner uses his personal car for business purposes. The Car is in the name of the partner and not the partnership firm. Can the partnership firm claim petrol and maintenance expenses in it's P&L A/c.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
13 September 2010 Yes.. In partnership firm it is allowed.
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CA. Rabindra

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CA. Rabindra (Expert)
13 September 2010 Yes,but the car should be used for the business purpose and not personal pupose.
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