I am new to my office as an articled assistant. So need to ask a question which i preferred not asking my Principle.
Can I take the deduction for depreciation of a Car in the case of an individual assessee who is using it for his personal work??
Please do reply as i need to prepare my 1st Individual return and computation in office..
under personal use when there is no business income to set off, no depreciation available.
as per sec 32(1)(ii) dep. shall be allowed only if assest owned wholly or partly by assessee and USED FOR THE PURPOSE OF THE BUSINESS OR PROFESSION on wdv a
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