banner_ad

Deprecaition can be claimed against income from fees

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 January 2009 Individual person is receiving professional fees. on such amount TDS is deducted.

Can such individual person can take Car/bike loan from such income and can claim deduction in form of interest & claim deprecaition in books of account.

or
can take home loan and claim interest & depreciation deduction from books of accounts. It's urgent. plz reply.
Profile Image

K V Subba Rao

Profile Image

K V Subba Rao (Expert)
29 January 2009 Interest on Loan for Car/Bike and Depreciation can be claimed as expenditure against income from profession
Profile Image

kaushal patel

Profile Image

kaushal patel (Querist)
30 January 2009 Thanks for ur early reply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details