Depreciation under it act

yes, If it is used for Business. It is grouped under plant and machinery and the tax rate is 15%. 

Only if the car is used for Business purpose, then only Depreciation can be claimed on it @ 15%.

Regards,

Devendra Kulkarni

for business purpose dep can b claimed............ it can b claimed at d rate of 15%

Agree with above....

car must use for business purpose...

rate is 15%

Normal Depreciation u/s 32 can be claimed but not ADDITIONAL DEPRECIATION which is allowable in the first year of purchase of NEW Plant & Machinery.