Depreciation
This query is : Resolved
29 September 2009
If I buy a Car in my Private Limited Company on or before 30/09/09 for Director use, can i avail depreciation @50% on that?
30 September 2009
As per income tax A/c before 180days avail 50% and after 180days 100%
Regards
Kariyappa
As per income tax A/c before 180days avail 50% and after 180days 100%
Regards
Kariyappa
30 September 2009
Rate of Dep. is 15 % and follow the above instruction of Mr. Kariyappa .S.C.
01 October 2009
I think you can claim 50% depreciation on the car because it comes under the definition of Commercial vehicle.
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