If Motor Car is in the name of company Director and the said company pays fuel charges, servicing charges, garage rent etc. for that car, can these expenses be booked by the company under Motor Car Upkeep?
If Motor Car is in the name of company Director and the said company pays fuel charges, servicing charges, garage rent etc. for that car, can these expenses be booked by the company under Motor Car Upkeep?
YES. If the car is used for official purpose, then all expenses can be accounted in the company books.
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