Hello...
if we purchase a new Car ...of Amt Rs 86Lac ( 76 Lac Car Value Incl GST + 10 Lac (Road Tax Incl GST)
How will we Calculate depreciation as per Companies Act...
Depreciation will Charged on Complete Value or not???
If on taxable value .. road Tax include in depreciation
Regards
Himanshu
Menu
DEPRECIATION ON NEW CAR DEP
Replies (1)
Asset value= all taxes plus cost. Depreciation is every year
cost minus accumulated depreciation
or
carrying amount minus current year depreciation
Recent Threads
- What is the Accounting Treatment for the CAR buy b
- Intraday loss & FNO loss - small amount
- Query on carrying documents in case of e-way Bill
- 194C Income can be claimed under Other sources?
- ITR 2 filing error after validation
- ITR filing STCG LTCG
- TDS deducted against PF withdrawal
- VRS / Severance Pay full exemption u/s 89 ( 10E fo
- Sponsorship fees GST
- Error in verification of ITR-2
Related Threads
CAclubindia
