on depreciation

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can I reduce the tax liability from profession by showing depreciation on vehicle??

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3 Replies

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 25 July 2018

Yes.... Why not? If it's under the business / profession account.

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MOHAN SINGH (Accountant) (23 Points)
Replied 25 July 2018

if you take input tax credit on fixed assets capital goods you cannot claim for depreciation

maudzedun (maudzedun) (38 Points)
Replied 31 July 2018

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