tax audit it person (doctor) depreciable assest (car) gift from Pharma company gift value tds deducted sec 194r provision in it act
question:
assessess depreciable assest account entry in books value and depreciation claim procedure
Dr Car acc
Cr. Gift acc.
Check if any block exists in the depreciable assets, otherwise form one under 15% depreciable assets and car to it.
CAclubindia
