Sir, Which is the best time to buy a car to avail the maximum depreciation of 15%. Will April 2015 be the right time ?
Depreciation on cars
Replies (2)
Hey Stanley,
Yes April, 2015 will be the best time.
You will get full claim of 15% Depreciation.
Cheers
You can buy the car till 30 th sept 15 because to claim depreciation at full rate of 15% the asset must be used for 180 days under Income tax act.
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