Rent on machinery
This query is : Resolved
26 June 2013
income from machinery belonging to assessee and let on hire is taxable as income from other sources, so the depreciation can be claim on such machinery????
26 June 2013
Yes, Depreciation can be claimed on the machinery given on rent.
.
.
Message likes :
1 times
26 June 2013
Yes. Depreciation can be claimed irrespective of whether machinery is used in process or given on rent.
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
OR add as source on Google news
- GST audit turnover threshold
- Balance sheet for ITR-3
- Rebate Under 87A Issue
- HRA in ITR 2 FY 2024-25
- Freelance Business code
- STCG vs LTCG mismatch in reports (Motilal Oswal Nasdaq 100 FoF).
- Misleading AIS data for increasing compliance
- How to show LTCG with Indexation Mutual Funds in ITR-3?
- 54F disallowance taxed at what rate
- Gratuity not yet paid shown in form 16
- TRUST QUERY INCOME APPLIED
- US CPA course
- Credit from Office of Regional Provident Fund Commissioner
- Interest for not showing invoice in GSTR-1
- Register of contract u/s 189
- Export invoice not reported
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- GST on Restaurant service
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
