RESPECTED ALL MEMBERS
MENE MERE FRIEND KE NAME SE VEHICLE LOAN PE LIYA HE AB VO LOAN KI PAYMENT ME KARTA HU AUR BUSSINESS KE LIYE USE KARTA HU (GOODS DELIVERY BUSINESS)
SO AB ME DEPRICIATION AUR INCOME ME RETURN ME APNE NAME SE SHOW KAR SAKTA HU
PLEASE SUGGEST ME
THANK U IN ADVANCE...
Menu
Regarding Income
Replies (3)
No u can't take depreciation became u are not owner for taking depreciation ownership is must
As per section 32 of the Act, ownership is a pre requisite for claiming depreciation.Hence, you will not be able to claim depreciation on vehicle in your Return Of Income.
Provided you are running any business...
Recent Threads
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
Related Threads
CAclubindia
