Menu
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)
Quick Summary
U can go for full rate
You can claim depreciation benefit on the car.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
