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Transfer of movable asset

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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
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
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.
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