Dep

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Querist : Anonymous

Querist : Anonymous (Querist)

08 September 2012 we are cash purchase a car Rs. 800000/- 16-04-2011
deprecation ?

Pankaj Gupta

Pankaj Gupta (Expert)
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09 September 2012 Dep can be claimed at the rate of 15%p.a. on wdv method. But if the car is used for running on rent or for leasing out then a dep @ 30%p.a. is permisable.

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