Depreciation for individual return
Querist : Anonymous
I am partner in two diff firms.
and some interest income.
and I have my car.
can i deduct my car depreciation in my personal INCOME TAX FILLING.
pls give a suggestion.
Querist : Anonymous
car used for business and i missed to deduct depreciation in my firm return. Thats why i want to show in my it return if possible.
For the purpose of earning remuneration from firm, you have already debited to the P & L Account of firm, now you can not claim any other expense against the remuneration income.
Querist : Anonymous
Querist : Anonymous
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