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DEpreciation related quarry

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25 May 2009 what is the rate of charging Depreciation on car which is purchase in 2009. before march 2009 . what's about new tds returns
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CA.BHARAT BHUSHAN

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CA.BHARAT BHUSHAN (Expert)
25 May 2009 Deprecaition rate is 15%

For TDS return u may refer circular 2/2009
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CA.BHARAT BHUSHAN

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CA.BHARAT BHUSHAN (Expert)
25 May 2009 15% is for the year and if car is purchased in march, u shall claim depreciation for half year
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
25 May 2009 Car - 15%.

Amendments in TDS will be applicable from 01.07.2009.

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