Depreciation
This query is : Resolved
27 February 2009
Dear Sir,
I have purcased New BMW model 320D LCI of Rs.3684298/- on 14.2.2009 please advoice us to What is The depreciation amt for Financial Year 2008-09
Thanking your an anticipation
Basavaraj
Email Id -B.nalwar@amplifymind.com
I have purcased New BMW model 320D LCI of Rs.3684298/- on 14.2.2009 please advoice us to What is The depreciation amt for Financial Year 2008-09
Thanking your an anticipation
Basavaraj
Email Id -B.nalwar@amplifymind.com
CA.Tarun Maheshwari
(Expert)
27 February 2009
Depreciation Amount will be 276322/- (half of 15%) for the FY 2008-09 under Income Tax Act. As you have purchased the car, Companies Act shall not apply here.
02 March 2009
Dear Sir,
Thanks for the reply , I have taken in company's name, what is the Depreciation value,
Please advoice
Basavaraj
Thanks for the reply , I have taken in company's name, what is the Depreciation value,
Please advoice
Basavaraj
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- 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
- EPF ECR NEW RULES Sep 17th 2026
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
