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%
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.
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