01 April 2012
YES, YOU CAN CLAIM DEPRECIATION ON P& M AND F&f SINCE YOU ARE LEGAL OWNER OF THE ASSETS AND INCOME ON LETTING THEM ON HIRE CAN BE TAKEN AS INCOME. PROVIDED YOU ARE IN THE BUSINESS OF LETTING THE F & F AND P& M ON HIRE.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
01 April 2012
thank u so much sir..but if actual object of business is not letting the F & F and P& M On Hire??????