Hi Sir or Madam
As per Income tax act Depreciation rate is 15% for vehicles
will it allowable to claim depreciation at 10% or 20% not in line with income tax act
Please advise
Thanks in advance
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Depreciation Vehicles
Replies (2)
No, not possible ................. only if you bought vehicles after the six months of the f.y. you can depreciate half of the rate .
| Originally posted by : NARENDRA battleship online | ||
 |
No, not possible ................. only if you bought vehicles after the six months of the f.y. you can depreciate half of the rate . |  |
Thanks for the answer.
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