Mr.A has got a Car worth Rs. 10Lacs as a gift on his marriage.He bringing that Car to his proprietory own business.Whether he is eligible to claim depreciation ? If so what is opening WDV ?
Note :Plz Justify with decided case law if any
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Mr.A has got a Car worth Rs. 10Lacs as a gift on occasion of his marriage.He bringing that Car to his proprietory own business.Whether he is eligible to claim depreciation ? If so what is opening WDV ?
Optional : Plz Justify with decided case law if any on hand
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