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Cliamng depreciaton

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(Querist)
03 May 2013 I have a query

Can we claim depreciation on vehicle , the vehicle is registered in another name and I am paying instalmment amount??


Pl. help
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CMA Nishad Patkar

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CMA Nishad Patkar (Expert)
05 May 2013 If you are using for business purpose and showing as an asset in your financial statement then you can claim depreciation, otherwise not.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
14 June 2013 Make an agreement for this and show this assets in your file and claim the depreciation by crediting the value as loan
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