banner_ad

dep rate

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 March 2010 what is the depreciation rate for tractor
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
16 March 2010 Normal rate - 25 %
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
16 March 2010 As per my understanding, there is no rate as 25% ,in appendix-1,except for intangible assets, read along with rule 5 of Income tax rules,1962 from assessment year 2006-07 onwards. However, tractor is not a commercial vehicle vide note 6 of the said appendix and hence not eligible for higher rate of depreciation. So depreciation can be claimed at 15% by classifying tractor either in clause 111(1),viz., machinery and plant, or in clause 111(2),viz., motor cars, of appendix-1.
Profile Image

CA SANJAY MUKHERJEE

Profile Image

CA SANJAY MUKHERJEE (Expert)
16 March 2010 Under Companies Act 30% on WDV ( single shift),

As per Income Tax Act I think dep. rate of tractor would be 15% as applicable for motor car.
Profile Image

CA Gangadhar Mishra

Profile Image

CA Gangadhar Mishra (Expert)
16 March 2010 at 15% as per income tax act
Profile Image

CA Ashok Kumar Sahu

Profile Image

CA Ashok Kumar Sahu (Expert)
16 March 2010 rate dep. of tractor would be 15% as applicable for motor car
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 31 May 2026
CHARTERED ACCOUNTANT ARTICLE ASSISTANT

KPRS And Associates

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details