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when we want bought a new asset (for ex. car)how we
calculate our income with the eye of income tax

Question Posted / harry


when we want bought a new asset (for ex. car)how we calculate our income with the eye of income ta..

Answer / Bappa Bagchi

When you purchase a new asset like a car, you can claim depreciation on it to reduce your taxable income. The rate of depreciation depends on the asset's useful life and is determined by the Income Tax Department.

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