I bought a scooty in 2017 , can I mentioned the actual purchase value of scooty in AY 2019-2020 in ITR 3??
Scooty is in my name and also used in business purposes. So in ITR 5 can I depreciated the value of scooty in balance sheet??
3 Replies
shadab shaikh
(133 Points)
Replied 24 May 2020
Yes you can provided you have not claimed input tax credit on it
Recent Topics
- Penalty on late payment of income tax on a small a
- Transportation bill
- Write off of unsecured loan to a Firm
- Claim of ITC more than 2B
- How to go Old regime to new regime
- "How should I begin preparing for CA foundati
- SBI or State Bank of India Passbook printing forma
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Requirement to prepare Consolidated financial stat
- Government grant not repayable
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
