Depreciation Allowed for Gym Equipment at Director's Home; Use by Director Doesn't Mean Private Use.

Depreciation Allowed for Gym Equipment at Director's Home; Use by Director Doesn't Mean Private Use. https://www.taxtmi.com/highlights?id=36942 Depreciation on gym equipments installed in the premises of Managing Director - Simply because it is being used by MD it cannot be held to be for private use so as to warrant disallowance of depreciation. - AT en-us Tue, 21 Nov 2017 08:55:17 +0530 Tue, 21 Nov 2017 08:55:17 +0530 TaxTMI RSS Generator Depreciation Allowed for Gym Equipment at Director's Home; Use by Director Doesn't Mean Private Use. https://www.taxtmi.com/highlights?id=36942 Depreciation on gym equipments installed in the premises of Managing Director - Simply because it is being used by MD it cannot be held to be for private use so as to warrant disallowance of depreciation. - AT Highlights Income Tax Tue, 21 Nov 2017 08:55:17 +0530 https://www.taxtmi.com/highlights?id=36942