04 August 2011
if business income from partnership remuneration and int. on capital then depreciation exp. allowable as exp. or not for assessee(Individual)
04 August 2011
I am not sure. Take it as an query.... say any partner has used his own Motor car for commuting between office to client & for other official purposes (which can be established with the proper suporting). Depreciation has not been claimed in firm, can it not be claimed by that partner against his Income from B/P (Remuneration & Interest on capital received from firm)?
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