Deprecaition can be claimed against income from fees
This query is : Resolved
kaushal patel
(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.
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.
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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
