Depreciation on self owned car
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2011
Sir,
My friend is employed in a public sector Bank. He owns a car and uses for commuting from house to office. His main source of income is salary, can he claim depreciation on car? If yes under what provisions of Income Tax Act.
Thanks in advance
My friend is employed in a public sector Bank. He owns a car and uses for commuting from house to office. His main source of income is salary, can he claim depreciation on car? If yes under what provisions of Income Tax Act.
Thanks in advance
08 August 2011
no, he cant cliam dep. on car because he has only salary income.
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