Depreciation on cars

Others 447 views 2 replies

Sir, Which is the best time to buy a car to avail the maximum depreciation of 15%. Will April 2015 be the right time ?

Replies (2)

Hey Stanley,

Yes April, 2015 will be the best time.

You will get full claim of 15% Depreciation.

 

Cheers

You can buy the car till 30 th sept 15 because to claim depreciation at full rate of 15% the asset must be used for 180 days under Income tax act.


CCI Pro

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