Depreciation
This query is : Resolved
30 August 2013
Whether Depreciation is allowable in company if the company is the co applicant (For Loan) and installments are paid by the company?
30 August 2013
no, asset should be used by company for business. On that basis co can claim depreciation.
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03 September 2013
Thank you very much for you kind and prompt reply. All doubts are clear now.
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