if the car purchase by one of the partner on his own name and car loan too.
now this car should be taken into partnership firm account or not ?
and loan interest will be allowed in the firm.
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Replies (4)
yes you can show it by way of capital introduction by partner in the business of the firm. emi to be borne by partner firm
thank you sir
| Originally posted by : Giridhar S Karandikar | ||
 |
yes you can show it by way of capital introduction by partner in the business of the firm. emi to be borne by partner firm |  |
Sir.,
Please explain how is it possible?
Sir,
but emi debited from partner's saving a/c, eventhough we can claim car loan interest exp. in the firm....?
but emi debited from partner's saving a/c, eventhough we can claim car loan interest exp. in the firm....?
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