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depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 January 2011 shyam a CFP professional,purchases a car for280000 on 01/12/2009.25% usage of the car is towards personal purposes and the rest is towards her professional purposes. rate of depreciation is 15%

for the AY 2010-11, Depreciation will be
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
22 January 2011 Deprecitaion is to be charged fully @ 15%.
25% amount may be recovered from Shyam.

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