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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 December 2014 I have a partner of the company, and i book new car in my name. i wanted to know can i book asset of the company and take depreciation on that

please advice me
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 December 2014 no as you are owner and not company.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 December 2014 mean if i book car in company name then i can take a depreciation on that
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 December 2014 Means if i book car on company then i can take depreciation

Right?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 December 2014 yes as the dep can be claimed by owner only.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 December 2014 ok
thanks lot sir
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 December 2014 you are welcome friend.................
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