Depreciation
Lakshay (None) (160 Points)
01 August 2016Lakshay (None) (160 Points)
01 August 2016
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 01 August 2016
Hello Lakshay,
The % of car which is used fro business purpose only on that portion depreciation shall be allowed in Income Tax Act.
The WDV shall be deducted by the Depreciation aloowed thai is 50% of 15% of value of car.