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
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
Related Threads
CAclubindia
