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dep on 2nd hand motor car

This query is : Resolved 
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(Querist)
13 November 2008 Is Dep on Purchase of 2nd hand motor car can be cliamed ??????
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
13 November 2008 Yes if it is uesd for the purpose of business/profession.
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CA Amit H Dakshinee

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CA Amit H Dakshinee (Querist)
13 November 2008 Thank You Very Much Sir .....
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
13 November 2008 Even if it is used for earning income from other sources like leasing etc., you can claim.
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Ravikumar.G

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Ravikumar.G (Expert)
17 November 2008 You can claim subject to provisions of sec 32 as per IT act.
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