Depreciation on watches


Ramtarak Shaw (B.Com)     23 March 2017

Ramtarak Shaw
B.Com 
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Does depreciation on watches is allowed in Individual file for the use of proprietor Rs-1000000 Kindly advised proper treatment????

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Dhirajlal Rambhia (KVO Merau Kutchh)     23 March 2017

Dhirajlal Rambhia
KVO Merau Kutchh 
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Unless it be asset of the business; depreciation can't be claimed on personal goods.

Ramtarak Shaw (B.Com)     23 March 2017

Ramtarak Shaw
B.Com 
 24 points

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The watch has shown as a assets of in the business ....please advice sir

 

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Dhirajlal Rambhia (KVO Merau Kutchh)     24 March 2017

Dhirajlal Rambhia
KVO Merau Kutchh 
 8937 likes  91438 points

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Originally posted by : Ramtarak Shaw
The watch has shown as a assets of in the business ....please advice sir

 

How was it utilized or actually used by you for the purpose of business or profession?


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