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?
kariyappa.S.C
(Expert)
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
Anjani Pratap Tiwari
(Expert)
30 September 2009
Rate of Dep. is 15 % and follow the above instruction of Mr. Kariyappa .S.C.
CA Deepak S
(Expert)
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
Vishal Sharma
Verified PRO Member
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia PRO Members
Verified professionals on CAclubindia
Vishal Sharma
Verified PRO Member
- PRO badge
- Ad-free
- More exposure
CAclubindia
