can we claim depreciation on car on salary income as well rent income
Tejas Gandhi (143 Points)
24 July 2021can we claim depreciation on car on salary income as well rent income
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 24 July 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 24 July 2021
He means he has two incomes, salary and rent and wants to know if he can setoff depreciation against both of them.
Anoop srivastava
(223 Points)
Replied 24 July 2021
Tejas Gandhi
(143 Points)
Replied 24 July 2021
Anoop srivastava
(223 Points)
Replied 24 July 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 24 July 2021
Self employed can claim depreciation but not salaried individual it seems,
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 24 July 2021
| Originally posted by : Tejas Gandhi | ||
 |
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
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 25 July 2021
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 25 July 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 25 July 2021
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yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 25 July 2021
Maybe that is for operating lease?
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