Dep
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2012
we are cash purchase a car Rs. 800000/- 16-04-2011
deprecation ? not running rent & only use in business , textile business.
deprecation ? not running rent & only use in business , textile business.
Pankaj Gupta
(Expert)
10 September 2012
Hello dear...as i said earlier that car is covered under the block of machinery with depreciation rate @ 15% p.a.
For F.Y. 11-12 you can claim dep of Rs. 120000 on such car (no additional dep allowed)
For F.Y. 11-12 you can claim dep of Rs. 120000 on such car (no additional dep allowed)
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