EASYOFFICE
EASYOFFICE

Partial business and partial salaried employee

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 July 2013 In last financial year I have earnings as follows
apr2012 to 10 sept 2012 -consultant income abt 3.5 lacs

10 sept 2012 to 31 march 2013- salaried employee income abt 6.5 lacs

apr 2012 to 31 march 2013 - another business income abt Rs. 65,000.00

Can anyone advise how to go abt bifurcating total petrol expense and car depreciation as car was being used for business as well as salaried job.Thanking in advance

21 July 2013 If you were in business then you should have kept your books of accounts and you should have debited petrol expenses in the same. Only the actual expense should be treated as deduction from the gross receipts.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries