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depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2010 can i claim depreciation on the amount i have paid to the dealer as a booking amount to purchase a car.
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CA Pattanayak

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CA Pattanayak (Expert)
26 March 2010 No. Unless the asset is put to use u can not claim depreciation.
If the asset is ready to use , but not used more than one financial year then depreciation can be claimed.
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
26 March 2010 Agree with expert



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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
26 March 2010 agree with expert

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