Depreciation
This query is : Resolved
sankar ponnan
(Querist)
11 August 2020
Sir
A transport company pays all the expenses relating to the trucks owned by the director and reimburse all the expenses made by it.
Here, can company claim depreciation as the truck owners are the directors of company ?
suggest me
thanks in adv
A transport company pays all the expenses relating to the trucks owned by the director and reimburse all the expenses made by it.
Here, can company claim depreciation as the truck owners are the directors of company ?
suggest me
thanks in adv
CA R SEETHARAMAN
(Expert)
11 August 2020
Transport company can't claim depreciation on trucks owned by director.
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