Depreciation on commercial vehicle
This query is : Resolved
22 February 2009
dear sir,
If the company purchases motor car for the director and the director uses it for the company's business then will it come under commercial vehicle eligible for depreciation @50% as per notification 10/2009
pls advice
If the company purchases motor car for the director and the director uses it for the company's business then will it come under commercial vehicle eligible for depreciation @50% as per notification 10/2009
pls advice
22 February 2009
If he wants to run it as a taxi then he can claim 50%. Since he is running hotel business you can claim the higher rate of deprectiation if you could provide letters that the car is being used for pick up and dropping of customers.
24 February 2009
Dear sir,
If a company purchases car for its director to use it to run for company's business purpose (not as a taxi)then is the company eligible for depreciation @50% as per notification 10/09?
please advice.
priya
If a company purchases car for its director to use it to run for company's business purpose (not as a taxi)then is the company eligible for depreciation @50% as per notification 10/09?
please advice.
priya
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
- CLOSING STOCK QUERY
- Missed TDS
- ITR 44AD SECTION
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Loss of interest in PF transfer from EPFO to Trust
- TDS on rent received on hardship compensation being rent on redevelopment of building
- NRI INSURANCE ADVISOR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
