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Article Assistant
24 Points Joined February 2011

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.. 

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On 10 February 2011 at 23:03 Report
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glidor@gmail.com
21068 Points Joined January 2010

under personal use when there is no business income to set off, no depreciation available.

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On 10 February 2011 at 23:06
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 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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On 11 February 2011 at 09:29

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