Capital asset or not

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Article
106 Points Posted on 22 January 2016
car purchased by company now it will be a capital asset on liquidation.
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On 22 January 2016 at 12:32 Report
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Student CA Final
377 Points Posted on 22 January 2016

Yes, it is a Capital Asset.

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On 22 January 2016 at 12:54
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Article
106 Points Posted on 22 January 2016
but it is being used as personal use by company.. then still it will be capital asset
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On 22 January 2016 at 13:35
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CMA
13117 Points Posted on 22 January 2016

How can there be personal use for company? It has to be for company use only right?

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On 22 January 2016 at 13:49

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