Set off

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vilas yeole (Querist)
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21 February 2013 which asset is eligible for set off i want to know if computer , kitchen equipment, plant and machinery vechicle refregerator is eligible for set off plz tell me which asets are eligible and which are not or it depends on type of purchase if it is inter state purchase or if the purchase is within state.i am talking about maharashtra state.

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)
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23 February 2013 Plant and Machinery, Vehicles other than passenger vehicle are liable for full setoff.

Office equipment and furniture are liable for retention u/r 53(7A)

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vilas yeole

vilas yeole (Querist)
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25 February 2013 wat is the definition of passenger vehicle

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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17 August 2023 As defined under RTO act.

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