Second hand car

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MALAY DAS (Querist)
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24 April 2014 dear sir
assessee purchase second hand car value of Rs 65000. it is need to show 65000 in balance sheet and can depreciation @ 15% show on RS 65000 in income & exp account? please advice me thanks.....

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 April 2014 yes...thats the correct treatment.

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Second hand car

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