Depreiciation on motor car

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SERVICE
202 Points Posted on 21 May 2008
Is depreciation on imported car is eligible to claim?car purchased in may 2008. pls give me your reply on cavickyshah @ gmail.com
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On 21 May 2008 at 12:41 Report
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CA & LCS
1109 Points Posted on 21 May 2008

Yes..u can claim if it is used for official purpose...

 

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On 21 May 2008 at 12:46
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Chartered Accountant
3356 Points Posted on 21 May 2008

yes you can claim dep u/s 32 @ 15% for the f y 2008-09

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On 21 May 2008 at 13:37

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