Depreciation can claim
This query is : Resolved
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Two pancard
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Can we claim ITC in 28%
- Transfer of MF
- Regarding E-invoice Generation
- Forgot to update debit note in gst
- CA Final exam Form
- Revenue stamp for individual to Individual
- CERTIFIED TRUE COPY OF PARTNERSHIP DEED
- Expenses add back in profit
- Spice form, ? mark comes in address
- E bike purchase can get input in GST
- Interest on borrowed capital rental income
- TDS APPLICABILITIY
- Issue with PTEC Registration – PAN Already Used
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
