FIXED ASSET DEPRECIATION CLAIM
This query is : Resolved
13 November 2021
If someone had purchased fixed asset on credit and defaults in making the payment of fixed asset payment . still he is able to claim the depreciation and what is the treatment in income tax
13 November 2021
Yes, still he is able to claim the depreciation
13 November 2021
Any individual who is not carrying any business , can he claim depreciation on personal assets like building , car , and any other personal assets
13 November 2021
No, he can't claim depreciation on personal assets.
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