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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 October 2015 Dear experts,
Can a partnership concern claim depreciation on car registered in one of partner name however the same is being used for business purpose as well as for personal purpose also.

Plzzzz confirm.....
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
31 October 2015 Yes it can be claimed, disallow part of depreciation for personal use.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
31 October 2015 Firm can claim depreciation. Inference is from Rajasthan High court decision in CIT Vs. Mohd. Bux shokat Ali (2002) 256 ITR 357.




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