depreciation rate 0f 50%
This query is : Resolved
22 June 2010
Sir
i am a professional and i purchased a new car on 17th july 2009.i use this car for my personal use... to go to my office and all.
now my question is whether i can claim depreciation of 50% on this car. under notification no. 37/2009[F.No.142/01/2009-TPL], dated 21-4-2009. treating the car as commercial vehicle
i am a professional and i purchased a new car on 17th july 2009.i use this car for my personal use... to go to my office and all.
now my question is whether i can claim depreciation of 50% on this car. under notification no. 37/2009[F.No.142/01/2009-TPL], dated 21-4-2009. treating the car as commercial vehicle
22 June 2010
No, you can't treat your personal car as commerical vechile.
You have to claim normal depreciation @ 20%.
You have to claim normal depreciation @ 20%.
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