Car Depreciation - No Business Income

u cant deduct depreciation from any other income noted by you under 4 heads.

income from open plot of land is from the head of INCOME FROM OTHER SOURCES

Hello,

how you dedect car dep from any other source of income? can you explain

You can claim Car Depreciation from other sources provided u utilise the car exclusively for the purpose of attainin such income from the other source.

Refer Section 57(ii).

Yes that is true

I think it is not correct, as depreciation is allowable as business expenditure under section 32, now here in this case there is no business income then how you can claim depreciation against any other income ? Further Expenditure under Sec 30 to 37 can be claimed under Profit and gains only, then how you can claim depreciation on car against any other income ?

Check any ITR Form.

In the IOS Section, there is a specific column for Depreciation.

therefore, itz obvious that Depreciation is allowable in IOS.

For question 1

If he using car for partnership firm then he can deduct dep of car in partner ship firm income

For qustion 2

on house property incom