Regarding depreciation
This query is : Resolved
gopi pendyala
(Querist)
06 March 2013
in ay 2011-12 I purchased a car for Rs 7,00,000 and used for personal purpose thats why not claimed depreciation and in ay 2012-13 used for business purpose then on which value i have to claim depreciation.
CA Mahavir Shah
(Expert)
06 March 2013
You should deduct depreciation from Rs.7 Lac for the AY 2012-13 & on remaining amount you should claim depreciation for AY 2013-14.
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