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
Menu
Tax
Replies (1)
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
Recent Threads
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
- Section 194C or 194J apply in survey fee to determ
- Accidental Switch to New Regime using Form 10-IEA
- Should I file Revised Return U/S 139 (5)?
CAclubindia
