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Depreciation on luxury cars by company

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(Querist)
29 March 2018 Dear Expert,

I would like to know that if the director of company want to buy BMW cars and want to take benefit of Depreciation in income tax of company accounts ant GST benefit. Can director do it? . Please advise and suggest me how can i take both the benefits in company income tax.

Thanks
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 March 2018 Yes director can do it. Depreciation benefit is available but ITC on GST paid can't be claimed.
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VICKY TEJRAM NARAD

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VICKY TEJRAM NARAD (Querist)
29 March 2018 Thanks ,Please give me notification link to see my director
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