hi,
A company has purchased a car in the director's name. please advise the procedure how can it claim depriciation in the acoc*nts of the company. whether it needs to transfer the car in the company's name?? if yes then what is the easiest way. can co. pass any resolution to acknowledge the car??
As per accounting depreciation can be only claim by owner of the car.
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CCI
Pro
CAclubindia
