Capital asset or not
Shagun Sharma (Article) (106 Points)
22 January 2016
car purchased by company now it will be a capital asset on liquidation.
3 Replies
Shagun Sharma
(Article)
(106 Points)
Replied 22 January 2016
but it is being used as personal use by company.. then still it will be capital asset
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 22 January 2016
How can there be personal use for company? It has to be for company use only right?
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