Tds on personal assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 September 2011
i am having a motor car, i have to show it in my personal balance sheet,should reduce the value of car by depreciation or not
if i supposed to charge depreciation
what about capital gain when i sells the car ?
if i supposed to charge depreciation
what about capital gain when i sells the car ?
05 September 2011
The sections of depriciation are applicable only on Business.
If an asset is not used in business then no depriciation is allowable.
If an asset is not used in business then no depriciation is allowable.
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