Depreciation
This query is : Resolved
Faisal Sharif
(Querist)
20 May 2013
Dear Sir,
I want to confirm that one of my client is running the business of supplying well water.
For that purpose, he has 4-5 trucks of his own. I want to confirm about the depreciation rate, whether it will be 15% or not.
I want to confirm that one of my client is running the business of supplying well water.
For that purpose, he has 4-5 trucks of his own. I want to confirm about the depreciation rate, whether it will be 15% or not.
CA rohit swami
(Expert)
20 May 2013
TRUCK DEFINES AS COMMERCIAL VEHICAL AND RATE OF THE COMMERCIAL VEHICAL DEPRECIATION ARE 50%(I.T RATES, U/S 32 RATE CHART)
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