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 Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
