Dep rate for Motor car
This query is : Resolved
17 March 2009
Hello,
I have heard that,, motor car is purchsed in the month January 2009 depreceation rate is instead of usual 15% now it has changed to 50%???.
Is it true.
I have heard that,, motor car is purchsed in the month January 2009 depreceation rate is instead of usual 15% now it has changed to 50%???.
Is it true.
CA Tilak Raj Sharma
(Expert)
17 March 2009
Yes, there is a new notification for new commercial vehicle purchased between 01.01.2009 to 31.03.2009 and also put to business use - the rate of depreciation is 50%.
Notification No. 10 dated 19.01.2009.
Notification No. 10 dated 19.01.2009.
17 March 2009
i support the expert
HUZAIFA HUSSAIN
(Expert)
17 March 2009
I AGREE WITH MR.TILAK
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