Transfer of movable asset
This query is : Resolved
20 February 2014
Mr.x is employed with
LTD.
His son is allowed to use a motor cycle belonging to the company .The company had
purchased this motor cycle for rs 60000 on 1.5.2009.The
motor cycle was finally sold to him on 1.8.2013 for rs 30000.
For calculating depreciation whether completed years 3 or
4
20 February 2014
dep fr 2013 will be only half as used less thn 180 days...so take for 3 years then for 6 months only.
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
- Tax Liability on Trading Account in Name of Person with Disability (Autism) Operated by Guardian
- Dinner party and 194Q
- TDS on Purchase of Goods 194Q
- GST RATE FOR CONSTRUCTION OF ROAD
- Health insurance
- AMC Contract &GST &Income Tax
- Adt1 dsc where to affix?
- Invertted duty struture
- Order from Department U/s 74
- ITC on mobile phone used for business
- TDS Return filing if only have 15G /15H deductions and no other payments
- IMPORT OF GOODS CREDIT
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- Gst no of supplier cancelled from 2017
- "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
- TDS under section 195.
- Filing GST Returns after death of proprietor
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
