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Depreciation on Car Purchase for the Use of Business Reg
We are a Domestic Company and purchased a car for business purpose in 20-09-2021.We have take depreciation @ 15% for full year on the purchase value or half rate @ 7.5% for 193 days.Kindly Clarify.
Replies (2)
U can go for full rate
You can claim depreciation benefit on the car.
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