Depreciation
This query is : Resolved
Varsha Agarwal
(Querist)
13 May 2014
Dear Experts, Kindly clarify what is the depreciation rate for commercial vehicles acquired after 1st october 2009 as per income tax act?
Sandeep Dharar
(Expert)
13 May 2014
Varsha it is new comm. vehicles acquired on or after 1st day of Jan, 2009 but before 1st day of Oct, 2009 and put to use before 1st Oct 2009. for the purpose of Business & profession.
The rat is 50%.
The rat is 50%.
Varsha Agarwal
(Querist)
13 May 2014
Sir I mentioned commercial vehicle acquired AFTER 1st October 2009 and the clause you mentioned is before 1st october 2009.
Sandeep Dharar
(Expert)
13 May 2014
Varsha as per the date mentioned by u it is normal i.e, 30%. But if u r asking for some specific Assets then plz check the date mentioned by u.
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