Depreciation, a Tax Planning Tool

If I use my personal car in my agency commission business, can I charge depreciation on it? Rajender Prasad, Gurgaon Charging depreciation on personal assets put to use in a business can be used as a tax-planning tool. Let's see how this can be done. 1 Depreciation law permits you to charge depreciation on all personal assets, including your car, put to

This article was originally published on January 30, 2003.