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Depreciation on watches
Does depreciation on watches is allowed in Individual file for the use of proprietor Rs-1000000
Kindly advised proper treatment????
Replies (5)
Unless it be asset of the business; depreciation can't be claimed on personal goods.
The watch has shown as a assets of in the business ....please advice sir
| Originally posted by : Ramtarak Shaw | ||
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The watch has shown as a assets of in the business ....please advice sir |
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How was it utilized or actually used by you for the purpose of business or profession?
Hi, so if watch is used for reading emails, recieve important calls when phone is not around, as task manager, and keeping track of work to be done, like in medical industry, can we claim depreciation on that.
An Iphone is cheap for business use, for business use we dont need it and its WCM techniques
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