Asset purchase in director's name
This query is : Resolved
10 February 2015
In a private limited company, if a car is purchased in the name of director and the payment is made by the company then is it allowed??( Also company shows this car in its asset and claims depreciation on it)
10 February 2015
the asset should be on purchased on the name of the company only under those circumstances the company is in a position to claim Depreciation.
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