Depreciation
This query is : Resolved
30 April 2014
Sir,
If we do not have office, n manage from home, Can we get depreciation on vehicle, furniture, AC, washing machine, fridge etc? Also can we get home electricity bill in expenses?
If we do not have office, n manage from home, Can we get depreciation on vehicle, furniture, AC, washing machine, fridge etc? Also can we get home electricity bill in expenses?
CMA Ramesh Krishnan
(Expert)
30 April 2014
If the assets are purchased in the business name and you have proper asset utilization details for the asset used for business purpose then you can take proportionately only if proprietorship
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