If you are a salaried individual, you can’t claim car depreciation unless you have a side business or are self-employed. Electric vehicles (EVs) purchased for business purposes are eligible for ...

These are instances where a company sells cars which were used for business purposes and were part of their capital assets. Depreciation is allowed only on capital assets under section 32 of the ...

Learn about the best tax write-offs for small businesses and self-employed individuals to maximize your deductions and reduce ...

The Lucid stock price has rebounded in the past few weeks as investors bet on the upcoming Gravity launch. This week, it rose ...

Clarios International Inc is considering taking on new debt in order to hand cash to its owners, including Brookfield Asset ...

As per the GST rules, the 18% GST slab is applicable to electric vehicles (EVs) as well as petrol cars with an engine capacity exceeding 1,200 cc or a length exceeding 4,000 mm. Additionally, diesel ...

India has to unleash its animal spirits. But the private investment cycle has been slow—bulk of the heavy lifting, when it ...

You’ve been driving your car for years, paying your insurance premiums on time, and feeling secure in the knowledge that you’re covered in case of a road accide ...

The revised rate applies to vehicles sold with a margin and purchased by businesses claiming depreciation ... has driven the growth of the used car market. A higher GST rate could potentially ...

We got news yesterday that Amazon has officially entered the car dealer business. Or for now ... You've been taking too much depreciation expense, which has depressed your earnings down.

It makes no sense to buy a new company car, for example ... There are five basic types of depreciation that accountants use when it comes to business accounts. Depending on the type of companies ...