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Depreciation

Others 279 views 3 replies

Pooja Kotegar

14 Points Posted on 28 September 2019

If a car is purchased for personal use , can v claim any percent of depreciation?

Replies (3)

sabyasachi mukherjee

Profession Business

28207 Points Posted on 28 September 2019

No
only for business an profession

Chita Ranjan

28 Points Posted on 28 September 2019

No.It should be used in and for the business

Kapadia Pravin

17264 Points Posted on 28 September 2019

Whose name the car is ? And how it is financed
is it from business fund ?

Under any such link to business or profession, you may claim depreciation and certain percentage of it you may disallow on your own as personal use.

Otherwise simply for personal use , then NO depreciation claim.

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