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Depereciation

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(Querist)
07 January 2013 If only a salary earning person purchases a vehicle on his individual name by cash or cheque.Can he claim depreciation in his individual file and take the benifit?
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CA Prashant V. Rughani

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CA Prashant V. Rughani (Expert)
07 January 2013 Depreciation is claimed under business income, hence in present case benifit not available to assessee.
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aakashgilda

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aakashgilda (Querist)
11 January 2013 thank you.
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