Car Expenses
This query is : Resolved
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.
13 September 2010
Yes.. In partnership firm it is allowed.
13 September 2010
Yes,but the car should be used for the business purpose and not personal pupose.
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