Depriciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2013
A PVT LTD COMPANY PURCHASE A VEHICLE IN THE NAME OF ITS DIRECTOR BUT TOTALLY FOR BUSINESS USE AND DIRECTOR IS A SHARE HOLDER ALSO.
CAN COMPANY CLAIM DEPRECIATION ON THIS VEHICLE.
PLS REPLY AT THE EARLIEST
CAN COMPANY CLAIM DEPRECIATION ON THIS VEHICLE.
PLS REPLY AT THE EARLIEST
19 July 2013
No. since the company not owning the rights on the vehicle, depreciation cannot claim on that
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