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Depreciation on motor cycle

This query is : Resolved 
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(Querist)
16 February 2017 I had Purchased a Motor Cycle in 2014-15 in my personal Name. How will I show the Depreciation in Profit & Loss Account, and Balance Sheet. Will it effect my Computation Sheet.
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Sandeep Dharar

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Sandeep Dharar (Expert)
16 February 2017 Being a proprietor u can claim it, in ur books of accounts, as proprietor and proprietorship concern is same.
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AMIT KR GHOSH

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AMIT KR GHOSH (Querist)
16 February 2017 It will be shown in my Personal Account not in Proprietorship Firm Account. Its for my personal Use.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 October 2021 If its for personal use, no question of depreciation deduction in IT.
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