Depn Rate for commercial vehicle
This query is : Resolved
09 March 2009
Dear Sir,
My co. purchased a car on 10/01/09 for and given to employee for his official use. Pl clarfy wheather it is commercial vehicle and if it is commercial vehicle that wheather 180 day clause would be applicable on that i.e. depn rate @50% of 25%.
Regards,
Sandeep Aggarwal
My co. purchased a car on 10/01/09 for and given to employee for his official use. Pl clarfy wheather it is commercial vehicle and if it is commercial vehicle that wheather 180 day clause would be applicable on that i.e. depn rate @50% of 25%.
Regards,
Sandeep Aggarwal
09 March 2009
It is not a commercial vehicle and the rate of depreciation is 15%.
As you have used the vehicle for less than 180days, so you should charge depn. @ 7.50% in the first year.
As you have used the vehicle for less than 180days, so you should charge depn. @ 7.50% in the first year.
09 March 2009
Dear Tilak
As per RTO passing,we have paid higher regn. fees. what is the meaning of commercial vehicle.
Regards,
Sandeep Aggarwal
As per RTO passing,we have paid higher regn. fees. what is the meaning of commercial vehicle.
Regards,
Sandeep Aggarwal
09 March 2009
Dear Tilak
As per RTO passing,we have paid higher regn. fees. what is the meaning of commercial vehicle.
Regards,
Sandeep Aggarwal
As per RTO passing,we have paid higher regn. fees. what is the meaning of commercial vehicle.
Regards,
Sandeep Aggarwal
09 March 2009
Motors car other than used in the business of running them on hire - rate is 15%.
There is no higher rate of depreciation for commercial vehilces purchased after April 2002.
There is no higher rate of depreciation for commercial vehilces purchased after April 2002.
09 March 2009
Commercial Vehicles are defined under section 2 of the motor vehicle act 1988.
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