Value of car
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2012
If the car has been used for personal purpose for 2 years and then it has been transferred to business. then what should be the value of the car on the date of transfer?
CA Lokesh Pokharna
(Expert)
30 July 2012
it wil be fair market value .... and can be obtained by deducting dep. on trf. date
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