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Depreciation can claim

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21 September 2014 four vehicle own by in the name of director and depreciation can claim in the books of account of the pvt ltd in which he is director.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
21 September 2014 No. Depreciation can not be claimed by Company. Asset has to be in the name of Company for eligibility for depreciation. Only owner can claim depreciation.
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