Income tax

Dear friends today our discussion is wether buying a bike saves income tax? 

reply with explanations friends......................

Replies (1)
it will depend upon in which capacity you are buying bike, if it is for personal purpose, it will not save any income tax, because it will be application of income, on which tax is already paid. But if it is in the capacity of business, for business use, you can claim depreciation on it, since it will be part of your business asset. And if you are not running any business, and buy a bike which you will use for both personal and for your job, you can avail benefit of transportation allowance, that will reduce to some extent your income tax. But full deduction of Capital expense will not be allowed in any case.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details