27 February 2009
Dear Sir, I have purcased New BMW model 320D LCI of Rs.3684298/- on 14.2.2009 please advoice us to What is The depreciation amt for Financial Year 2008-09
Thanking your an anticipation Basavaraj Email Id -B.nalwar@amplifymind.com
27 February 2009
Depreciation Amount will be 276322/- (half of 15%) for the FY 2008-09 under Income Tax Act. As you have purchased the car, Companies Act shall not apply here.
CAclubindia
