From luxury sport to mainstream commuter, these small utility vehicles can lose up to half their value in the first five ...

Hertz may have been a pioneer that no one wanted to follow, at least when it came to its goal of buying 100,000 Tesla Model 3 ...

If you’re currently leasing a car and nearing the end of your lease term, you might be wondering what you should do next. Although new car inventory is rebounding, some new cars ...

Hertz may have been a pioneer that no one wanted to follow, at least when it came to its goal of buying 100,000 Tesla Model 3 ...

The reputation or the goodwill of the automaker plays an important role in determining the depreciation rate. Reputed brands ...

The GST Council has raised the GST rate on used cars from 12% to 18% ... between the vehicle’s purchase and resale price. If depreciation has been claimed, that will also be factored into ...

President-elect Trump on Wednesday used a lengthy Christmas Day social media post to tell the 37 people who had their death ...

GST on selling old cars FAQs: The rate hike in the Goods and Services Tax (GST) on used cars has become the talk of the town after the GST Council, in its last meeting, prescribed a single rate of ...

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 ...

However, if an individual sells old and used car to another person, the GST would not be applicable on the sale. The sources further cleared that if the individual claims depreciation under Section 32 ...

co-founder and CEO of online used car marketplace Cars24. A registered person that has claimed depreciation under Section 32 of the Income Tax Act 1961, GST is payable only on the value ...

ITAT Mumbai disallowed the claim of depreciation under section 32 since assessee failed to prove that car was used for the purpose of assessee’s business wholly or in part. Accordingly, appeal ...