Benefit of depreciation - vehicles leased out - As the owner, it ...

Vehicle Owner Can Claim Depreciation on Leased Trucks u/s 32 of Income Tax Act.

January 4, 2017

Case Laws Income Tax HC

Benefit of depreciation - vehicles leased out - As the owner, it used the assets in the course of its business, satisfying both requirements of Section 32 of the Act and hence, is entitled to claim depreciation in respect of additions made to the trucks, which were leased out. - HC

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Benefit of depreciation - vehicles leased out - As the owner, it ...

Vehicle Owner Can Claim Depreciation on Leased Trucks u/s 32 of Income Tax Act.

January 4, 2017

Case Laws Income Tax HC

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