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Depreciation on motor car

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(Querist)
04 September 2015 if company purchase a car in the month of Oct.-15 half yearly depreciation get or full year kindly clarify.
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Rahul Vora

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Rahul Vora (Expert)
06 September 2015 As per the Income Tax Act, you can avail half year depreciation for any asset purchased after 30th Sep of that FY. In in your case, for the car to be purchased in Oct-15, you can claim half year depreciation only.

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