watch_later 20/12/21


One of the business it person salary pay to family members (son and wife) rs:10,000/- and rs:10,000/- paid every month

2.assessee car purchase previous last 3 years for the purpose of personal used.


1 salary pay to family members business expenses claim allowed in it act

2.personal purpose car purchase amount transferred business purposes used accepted in it act.

1 Response | Latest response: 21/12/21 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 21/12/21

Salary can be paid to relative if he posses the skills. Payment should be in accordance with market rate.

Car can be transferred to business, however depreciation will be calculated from day of purchase and WDV as on date of transfer will be cost of car.


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