HELLO FRIENDS, IF THE PARTNERSHIP FIRM HAS PURCHASED THE CAR BUT CAR IS IN THE NAME OF THE PARTNER. CAN THE FIRM CAPITALISE THE CAR IN THE FIRM BOOKS OR NOT.
INSTALLMENT IS PAID FROM THE FIRM CURRENT ACCOUNT.
PLS. HELP ME.
Menu
Partnership firm
Replies (4)
yes you can capitalize the car in firm name if the benificial owner of the car is your firm
ANY OTHER REPLIES PLS.
yes, u can capitalised car in the firm name .
yea it is treated as firm 's asset.
Recent Threads
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
Related Threads
CAclubindia
