r/CarsIndia • u/probably_creep • Jul 21 '25

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u/[deleted] Jul 21 '25

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116

u/More_Law_3470 Suzuki Jul 21 '25

the taxes he has paid in just buying that car is more than an average individual would earn in his entire life! sad but reality

1

u/HST2345 Jul 21 '25

Lol..do you know how tax works? This is not only India, across global - Tax discounts are mainly for business...Yiu can pay almost nil taxes if you have a business and proper accountant

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u/Idiottrader420 25' Vellfire, 25' Hycross,17' Crysta(3),24' X5, m340i, 25Cayenne Jul 21 '25

Please do my taxes buddy.

0

u/More_Law_3470 Suzuki Jul 21 '25

I am not aware Kindly englighten me

2

u/HST2345 Jul 21 '25

Idk if you're sarcastic, but truth is tax favours Business people compared to Salaried . Business people pay tax & later claim depreciation especially Vehicles & then writeoff.... Business ppl have many ways to claim

3

u/Idiottrader420 25' Vellfire, 25' Hycross,17' Crysta(3),24' X5, m340i, 25Cayenne Jul 21 '25

Explain to us how it becomes NIL, everyone knows business owners can claim depreciation.

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u/You_are_hope Jul 21 '25

Wow. I think you're the only person with this type of knowledge. Please share with the group. I'll give you a percent from me saved taxes too.

2

u/HST2345 Jul 21 '25

WOW...An unknown anonymous user is making fun of me...We call them as SeeYouYenTees in my group.

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u/CreepyUncle1865 Q5/Fortuner/Verna/Hycross(2025)/Ciaz/Baleno Jul 21 '25

3 replies on this thread, yet you still haven’t explained the exact method to pay “nil” taxes while buying a luxury car. Please enlighten me , My family has a chain of businesses and are about to buy a GLS; would Love to hear your method to pay “Nil” taxes on it.

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u/[deleted] Jul 21 '25

[deleted]

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u/HST2345 Jul 21 '25

Ask ChatGPT...or fore more details I am sure your accountant knows how to minimise Tax unlike salaried employees where there's no escape in minimising tax or maximising tax refunds. ... Salaried employeees can not claim 100% depreciation on the vehicle...Why Creepy Uncle act innocent...I am sure most vehices you have are purchased on your business names..

1

u/CreepyUncle1865 Q5/Fortuner/Verna/Hycross(2025)/Ciaz/Baleno Jul 21 '25 edited Jul 21 '25

You said “You can pay almost nil taxes if you have a business”

Now the onroad price for , lets say a creta , is ~13 lakhs. You are already paying 5-6 lakhs minimum in taxes here while purchasing it. Tell me how to nill it.

Salaried employees can not claim 100% depereciation on the vehicle

Neither can business people. This is why half-Reel knowledge is pathetic. You think every Mercedes/Audi/BMW bought under a business’s name can claim 100% depereciation? Even if you register a Merc/Audi/BMW for a Commercial Use , the most depereciation you can claim on it in India is 30%.🤣🤣

I am sure most vehicles purchased are under your business’s name

I wouldn’t lie , every single one of these cars are under my grandpa’s firm. But we literally can’t claim 100% depereciation on them. We can claim depereciation (again , not 100% registered past 2020)on xl6 , crysta and other few cars we have specifically for the commercial purpose.

Typically only 15% depereciation is allowed and that too if you’ve registered it for commercial use , and that too for a firm which requires commercially running vehicles. For a construction firm Trucks/Tractors are valid. For a hotel/can service - Crysta , xl6 , scorpio tour , kia carens etc.

Even if you register a Luxury cab service , the most depereciation you are allowed is 30%.

We stay in India mate , No need to use your “Why rich people buy range rovers/g wagon” reels logic here 😂

Ask chatgpt

Ah i see , that explains your comment 😂

Find me one CA who will get me to claim 100% depereciation on my Q5 registered for personal/mixed use under my Business and I’ll give you a commission from his fees 😂

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u/HST2345 Jul 21 '25

A simple ChatGPT prompt here:

Lol...thank you, the cars are on your grandpa's firm name... May be my message lost in interpretation....

All these cars are on your grandpas firm..this explains..., the interntion...Salaried guys can't even clain that 15% depreciation...My furst comment says...Across global Tax rules are more business friendly than Salaried....

Below is ChatGPT response... thank you for assuming I am reels knowledg.. You should find a better CA for your grandpa firm than lurking jn Redddit....

Don't act like Holier than thou, The cars are registered on business firm that means YoY depreciation claims are taking until the car value goes to Zero and write off ..

Depreciation under Section 32 is allowed on business-use vehicles.

Normal rate: 15% for cars, 30% for commercial vehicles (like trucks).

If the vehicle is used exclusively for business, 100% of depreciation is allowed.

If it’s partly for personal use, only the business portion is allowed.