Depreciation on watches
Ramtarak Shaw (B.Com) (28 Points)
23 March 2017Ramtarak Shaw (B.Com) (28 Points)
23 March 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183344 Points)
Replied 23 March 2017
Unless it be asset of the business; depreciation can't be claimed on personal goods.
Ramtarak Shaw
(B.Com)
(28 Points)
Replied 23 March 2017
The watch has shown as a assets of in the business ....please advice sir
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183344 Points)
Replied 24 March 2017
Originally posted by : Ramtarak Shaw | ||
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The watch has shown as a assets of in the business ....please advice sir |
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How was it utilized or actually used by you for the purpose of business or profession?
Amartya Shandilya
(2 Points)
Replied 27 January 2023
Hi, so if watch is used for reading emails, recieve important calls when phone is not around, as task manager, and keeping track of work to be done, like in medical industry, can we claim depreciation on that.
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 27 January 2023
An Iphone is cheap for business use, for business use we dont need it and its WCM techniques