Depreciation and houshold expenses
This query is : Resolved
26 May 2013
i am retired person. i want to buy a car in my personal name can i claim depreciation in my name?
my house hold expenses are 4 lacs and my rental income plus pension is around 8 lacs
how much maximum deduction can i claim from my income ?
my house hold expenses are 4 lacs and my rental income plus pension is around 8 lacs
how much maximum deduction can i claim from my income ?
26 May 2013
Depreciation can be claimed when the asset is used for the purpose of business or profession. In your case, it can not be claimed.
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