dep on 2nd hand motor car
This query is : Resolved
13 November 2008
Is Dep on Purchase of 2nd hand motor car can be cliamed ??????
13 November 2008
Yes if it is uesd for the purpose of business/profession.
13 November 2008
Thank You Very Much Sir .....
13 November 2008
Even if it is used for earning income from other sources like leasing etc., you can claim.
17 November 2008
You can claim subject to provisions of sec 32 as per IT act.
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