Depreciation issue
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2016
Dear All,
Director car is being used for business purpose who is also share holder. Weather company can claim the depreciation on this said Car or not,
Thanks & Regard
Vikas ojha
Director car is being used for business purpose who is also share holder. Weather company can claim the depreciation on this said Car or not,
Thanks & Regard
Vikas ojha
23 September 2016
No the depreciation can not be claimed, however if the car is used for business purpose, a resolution for that effect can be passed and company can claim vehicle running and maintenance expenses.
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