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Allowance of Depreciation and other related expenses on vehicle in the name of Director

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(Querist)
03 February 2023 Can A company claim the benefit of Depreciation and other related expenses of vehilce in the name of Director. The Company has not paid 100% value of Vehicle but payment has been released as per the agreement with the Director.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
03 February 2023 No. The vehicle is not the asset of the company.

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