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About depreciation

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(Querist)
29 October 2015 Hi Mr. A had a Fixed Deposit of Rs. 10 crores he earns interest from it. (No other Income earned by A, only Interest from FD). He was filed his IT regularly & he can purchased a car. Can he claim a depreciation on the car at the time of filing of Return.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 October 2015 No he can't claim depreciation on car in the return to be filed.
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G Vijaya Kumar

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G Vijaya Kumar (Querist)
29 October 2015 why sir please give me the clarification regarding this quary



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 October 2015 Only from business or professional income depreciation can be claimed.

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