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Car valuation

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Querist : Anonymous

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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
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haridhayalan

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haridhayalan (Expert)
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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