Depreciation
This query is : Resolved
29 September 2009
If I buy a Car in my Private Limited Company on or before 30/09/09 for Director use, can i avail depreciation @50% on that?
30 September 2009
As per income tax A/c before 180days avail 50% and after 180days 100%
Regards
Kariyappa
As per income tax A/c before 180days avail 50% and after 180days 100%
Regards
Kariyappa
30 September 2009
Rate of Dep. is 15 % and follow the above instruction of Mr. Kariyappa .S.C.
01 October 2009
I think you can claim 50% depreciation on the car because it comes under the definition of Commercial vehicle.
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
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Cloud service
- Credit note Issue reg
- Conversion of Pvt Ltd Company to a LLP
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- GST on Fresh Juice Center(Sugarcane)
- Sale of Gold ornaments
- SECTION 194T
- Accounting Policies changes
- Expenses add back in profit
- Forgot to update debit note in gst
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
