Deprecitation
This query is : Resolved
19 April 2010
HI ALL...
I HAVE QUERY RELATING TO DEPRECITATION. CAN I CLAIM 50% DEPRECITION ON MY CAR PURCHASED IN 2009-2010.
THANKS ALL.
PLS REPLY
I HAVE QUERY RELATING TO DEPRECITATION. CAN I CLAIM 50% DEPRECITION ON MY CAR PURCHASED IN 2009-2010.
THANKS ALL.
PLS REPLY
CA Ashok Kumar Sahu
(Expert)
19 April 2010
as per it act if you purchase car on or before 30th sep. then Rate of Dep. is 15% otherwise 7.5%
CA. O.P. Agarwalla
(Expert)
20 April 2010
I will like to rectify the same. 50% of the 15% will be applicable only if the assets purchased have been put to use for a period of less than 180 days. So if the asset is put to use after 26th September, deprectaion will be calculated @ 7.5%
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
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
