Easy Office
LCI Learning

Personal assets used for business

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 June 2018 A personal laptop purchased 3 yrs back is now being used for business, how the depreciation under income tax to be calculated?
Profile Image

Nikhil Kaushik online

Profile Image

Nikhil Kaushik online (Expert)
25 June 2018 you have to bring the asset into books at the depreciated value ie provide for the depreciation for last three years and bring the asset into books at residual WDV.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links