Car valuation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 November 2010
Dear Sir,
Company has a car which is been used by director. Now company wants to transfer the car to director. What will be the TDS implication if
1. Car is transferred at WDV as per books.
2. Car is transferred free of cost
Company has a car which is been used by director. Now company wants to transfer the car to director. What will be the TDS implication if
1. Car is transferred at WDV as per books.
2. Car is transferred free of cost
01 November 2010
my view is, no tds implication. you just calculate current value less depreciation then transfer to the director.
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