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Depreciation

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(Querist)
29 September 2009 If I buy a Car in my Private Limited Company on or before 30/09/09 for Director use, can i avail depreciation @50% on that?
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kariyappa.S.C

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kariyappa.S.C (Expert)
30 September 2009
As per income tax A/c before 180days avail 50% and after 180days 100%


Regards
Kariyappa
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Anjani Pratap Tiwari

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Anjani Pratap Tiwari (Expert)
30 September 2009 Rate of Dep. is 15 % and follow the above instruction of Mr. Kariyappa .S.C.
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CA Deepak S

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CA Deepak S (Expert)
01 October 2009 I think you can claim 50% depreciation on the car because it comes under the definition of Commercial vehicle.

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