Second hand car
This query is : Resolved
24 April 2014
dear sir
assessee purchase second hand car value of Rs 65000. it is need to show 65000 in balance sheet and can depreciation @ 15% show on RS 65000 in income & exp account? please advice me thanks.....
assessee purchase second hand car value of Rs 65000. it is need to show 65000 in balance sheet and can depreciation @ 15% show on RS 65000 in income & exp account? please advice me thanks.....
Nikhil Kaushik
(Expert)
24 April 2014
yes...thats the correct treatment.
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