Depreciation

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125 Points Joined September 2017
My client has just bought a new car of Rs 16 lacs in last week of March 18. He uses his car for both business as well as personal purposes. Can he claim depreciation for full year i.e. for 2017-18?
Pl. guide.
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On 01 April 2018 at 23:09 Report
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Student
24 Points Joined May 2016
For the purpose of Income Tax, you can claim 50
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On 01 April 2018 at 23:18
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Student
24 Points Joined May 2016
You can claim only 50% of full year depreciation for the new asset
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On 01 April 2018 at 23:21
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
If less than 180 days then we can claim only 50% of Depreciate value of the asset as per Income Tax Rule...
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On 02 April 2018 at 00:05
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ACCOUNTANT EXECUTIVE
28 Points Joined February 2010
you can charged only 6 month depreciation in f.y. 17-18 bcoz you purchased of car after 2nd half
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On 02 April 2018 at 01:27
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1234 Points Joined August 2017
50% only
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On 02 April 2018 at 06:36
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1234 Points Joined August 2017
50% only
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On 02 April 2018 at 06:36
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125 Points Joined September 2017
Thank u all...
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On 02 April 2018 at 07:05


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