Dear Sir
please provide deprication rate % of four wheeler and if we have purchased four wheeler in 1 January 2021 so we are eligible for derperication in 3 months or 6 months from october to March
RAJA P M
("Do the Right Thing...!!!")
(127150 Points)
Replied 20 February 2021
Surinder
(Assistant)
(341 Points)
Replied 20 February 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 21 February 2021
Naveen Kumar
(629 Points)
Replied 21 February 2021
RAJA P M
("Do the Right Thing...!!!")
(127150 Points)
Replied 21 February 2021
CA PARTH SHAH
(In Practice)
(1951 Points)
Replied 22 February 2021
He can claim depreciation @ 7.5% on the amount paid via RTGS portion only.
Shashi
(B.Com)
(26 Points)
Replied 23 February 2021
I purchased any fixed asset like machinery/car etc, Can I claim for ITC in gst and also depreciation.
RAJA P M
("Do the Right Thing...!!!")
(127150 Points)
Replied 23 February 2021
CA PARTH SHAH
(In Practice)
(1951 Points)
Replied 02 March 2021
Depreciation cannot be claimed on ITC portion.
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