can we claim depreciation on car on salary income as well rent income
can we claim depreciation on car on salary income as well rent income
He means he has two incomes, salary and rent and wants to know if he can setoff depreciation against both of them.
Self employed can claim depreciation but not salaried individual it seems,
| Originally posted by : Tejas Gandhi | ||
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Yes I purchased car and I have salary income as well rent income so can I set off depreciation on car against salary & rent income |  |
No, this is not possible
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Maybe that is for operating lease?
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