Depreciation
This query is : Resolved
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
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.
02 March 2009
Dear Sir,
Thanks for the reply , I have taken in company's name, what is the Depreciation value,
Please advoice
Basavaraj
Thanks for the reply , I have taken in company's name, what is the Depreciation value,
Please advoice
Basavaraj
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