Accelarated depreciation on commercial vehicle.
This query is : Resolved
03 December 2009
case : The assessee has purchased a commercial vehicle in March 2009.As per notification he is entitled for accelarated depreciation @ 50%
Question : Is he entitled for normal depreciation @7.5% [used less than 180 days] along with acclerated depreciation 25%
Question : Is he entitled for normal depreciation @7.5% [used less than 180 days] along with acclerated depreciation 25%
Shyam Lal Naik
(Expert)
03 December 2009
The rate of 50% has been substituted for ther rate 15%.
In the specified circumstances, 50% is the normal depreciation.
The additional depreciation(referred as normal depreciation in the query) is not available.
In the specified circumstances, 50% is the normal depreciation.
The additional depreciation(referred as normal depreciation in the query) is not available.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
