Poonawalla fincorps
Poonawalla fincorps

Depreciation on car

This query is : Resolved 
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(Querist)
22 March 2018 Hello,
I’m doing a travelling business & I purchased a Toyota Etios for my travelling business. I want to know at what rate should I charge depreciation?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
22 March 2018 Since Car used for Commercial you can claim 30% depreciation as per Income tax Act

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