Deprecaition can be claimed against income from fees
This query is : Resolved
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.
29 January 2009
Interest on Loan for Car/Bike and Depreciation can be claimed as expenditure against income from profession
30 January 2009
Thanks for ur early reply
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