CAN WE CLAIM DEPRECIATION OF PERSONAL CAR FROM THE INCOME OF THE PARTNERSHIP FIRM I.E INTEREST, REMUNERATION & PROFIT.
Menu
Depreciation Claim from partnership share
Replies (3)
if car is recorded in firm's books at the time of purchase then you can claim Depreciation on such car.
NO YOU CAN NOT CLAIM DEPRECIATION AGAINST REMUNERATION RECEVED FROM PARTNERSHIP FIRM
If the Car has been booked in books of accounts atttime of Purchase depreciation can be claimed however it has no relation with Remmuneration OR Interest
Recent Threads
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
Related Threads
CAclubindia
