Does Indian Income Tax act allow depreciation on assets purchased on second hand to any entity Sole proprietor, partnership.
Please guide
Menu
Depreciation on second hand vehicle
Replies (2)
Yes, you can Claim Depreciation on Balance life and WDV Value will be the Amount you paid to acquire that Assets.
Yes Allowed...
Recent Threads
- Tax Query for FY 2024-25
- ITR Offline JSON Utility not showing saved drafts
- Incometax port8 not working
- U4gm-Leveling an Amazon Build with Lightning Spear
- 44ADA income declaration
- Taxation of RSU sold of foreign listed entity by e
- Form26QB in case of death of joint owner (seller)
- Exemption of allowance
- Hardship compensation recd from builder (redevelop
- ITC CLAIM REGARDING EXPENSES
Related Threads
CAclubindia
