As I am introducing motor vehicle as capital investment in partnership firm , Can I claim both intrest on capital and deprecation on motor ,as deductions.
Menu
Introducing vehicle as capital in partnership.
Replies (1)
Interest on Capital is an appreciation to your capital and Depreciation is a decreasing value for asset, both are valid expenditures
Recent Topic
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
Related Topics
CAclubindia
