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Depreciation rate

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(Querist)
17 January 2008 Please clear me what is the dep.rate for a car used for personal use as per income tax and companies act.
Thank you,

Parminder Singh
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Parminder Singh

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Parminder Singh (Querist)
17 January 2008 urgent
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Peter,A.Matthai

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Peter,A.Matthai (Expert)
19 January 2008 sir,
depreciation is allowable only for assets used in business - it is not applicable to personal assets




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