Entitlement of depreciation
This query is : Resolved
Ramkrishna
(Querist)
01 July 2015
A is transporter. A gives his some trucks to B for plying under his custody . B pays a rent every month to A. My question is that :
1. Is it a lease
2. Is A is entitled to claim depreciation on such assets
Thanks
1. Is it a lease
2. Is A is entitled to claim depreciation on such assets
Thanks
CA R SEETHARAMAN
(Expert)
01 July 2015
1 It is a lease.
2 A is entitled to claim depreciation on such assets.
2 A is entitled to claim depreciation on such assets.
Message likes :
1 times
Rupesh Jain
(Expert)
02 July 2015
A CAN CALIM DEPRECAITION WHEN HE CALCULATE HIS INCOME.
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
