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purchase of vehicles through co

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(Querist)
07 May 2010 Dear All,


Please guide me If we purchase the vehicles through our co for Employees, what are the benifits to the company

Regards
Mrityunjay
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
07 May 2010 You can claim depreciation on motor car and also interest,if paid, on loan for purchasing car is allowable busines expenses.
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CA Shiv

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CA Shiv (Expert)
07 May 2010 Yes you can claim depreciation and interest and petrol exp all that... as a business expense..
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
07 May 2010 agreed with experts.
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Mrityunjay

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Mrityunjay (Querist)
08 May 2010 Thank you very much,,,,

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