banner_ad

depreciation

This query is : Resolved 
Profile Image

Guest

Profile Image

Guest (Querist)
21 December 2009 can full year depreciation be claimed on a motor car purchased on 30/9 of a Financial Year??
can AO allow only 1/2 year depreciation under the plea that if its purchased on 30/9, it cant be put to use for 180 days, & so only 7-1/2 year depreciation is allowed??
Profile Image

Heera Nahariya

Profile Image

Heera Nahariya (Expert)
21 December 2009 If the underlying asset is put to use more than 180 days full depreciation is to be claimed.
If you cannot establish that the asset is put into the use for more than 180 days only 50% of depreciation is available,
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
21 December 2009 The date of payment of vehicle tax or the date of obtaining vehicle number whichever is later may be considered as the date from which the vehicle is put to use. From that date if the vehicle is put into use for a period of less than 180 days, then AO can restrict depreciation allowance to 1/2 of the normal rate.
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
21 December 2009 If less than 180 days depriciation will be 50% and if 180 days above than you can claimed 100% depriciation on your car.
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
21 December 2009 agree
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
21 December 2009 agree
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details