Hi, i m working as a professional, i use my car to render my services,can i deduct depreciation & maintenance?

Question

what else can be deducted from my income! i.e mobile bills,traveling expenses, book and IT expenses.

weather depreciation can be deducted, and what about maintenance.

thanks

Nitesh

Answer 1

Some of the companies have this option of including fuel, maintenance and insurance for cars as components for tax exemption, which gets exempted under section 10.  If this scheme is applicable in your place of work, you should be able to claim.  But I doubt depreciation comes under this.

Answer 2

your question is not clear. if u are working as a business man , yes these are allowed, if u warking as an indepedent consultant, even they these are allowed but if you are in employment, then not allowed. so choose your answer.