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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

There no rationale in treating the amount of depreciation on ...


Depreciation on Employee Cars Should Be Recognized as Business Expense, Not Personal Use.

July 8, 2015

Case Laws     Income Tax     AT

There no rationale in treating the amount of depreciation on cars as for personal use, when admittedly these have been provided to employees. A company is a separate legal entity distinct from its directors or employees. - AT

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