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Depreciation on Motor car

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(Querist)
02 May 2009 How can i claim Depreciation on Motor car if it is registered in the name of Director ? can u give me the section details or any circular
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C.A.Javid Patel

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C.A.Javid Patel (Expert)
02 May 2009 If the car is in the name of director then also you can claim the deprecation but you should write a note on below the schedules.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
03 May 2009 I think depreciation will not be allowed unless the car is registered in the name of the company since depreciation is allowed to registered legal owner.
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