Mr.A has got a Car worth Rs. 10Lacs as a gift on his marriage.He bringing that Car to his proprietory own business.Whether he is eligible to claim depreciation ? If so what is opening WDV ?
Note :Plz Justify with decided case law if any
CA.Karthikeyan G (M.Com) (201 Points)
22 September 2011Mr.A has got a Car worth Rs. 10Lacs as a gift on his marriage.He bringing that Car to his proprietory own business.Whether he is eligible to claim depreciation ? If so what is opening WDV ?
Note :Plz Justify with decided case law if any
CA.Karthikeyan G
(M.Com)
(201 Points)
Replied 22 September 2011
Mr.A has got a Car worth Rs. 10Lacs as a gift on occasion of his marriage.He bringing that Car to his proprietory own business.Whether he is eligible to claim depreciation ? If so what is opening WDV ?
Optional : Plz Justify with decided case law if any on hand
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