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Depriciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 January 2015 Can any assessee claim depriciation under head Income from other sources

if you have any case laws plz refer
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
09 January 2015 what is the income and which asset is used to earn such income pls elaborate.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 January 2015 Depriciation on two vehicle and normal other source income (not casual)
Asset is used in business
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
09 January 2015 if asset is used in business then depreciation can be claimed while calculating business income under head income from business or profession and not under income from other sources.
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