Sir,
Kindly advise suppose a person purchased Innova-four Wheeler on 16 Feb 21. He has paid Rs. Eighteen Lac's via RTGS Can he pay balance payment Rs.170000 via cash and can he is eligible to Claim deprecation from 1 October 20 to March 2021.
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Innova-four Wheeler Purchased
Replies (3)
Quick Summary
Personal purchased not claim depreciation but business purposes can claim depreciation 45 percentage financial year 2020-21 we used less then 180 days 50 percentages depreciation claimed fy claim next fy claimed balanced depreciation
Agree with balaji
Sir, Can we pay balance payment via Cash We have purchased Innova for business purposes
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