banner_ad

Depreciation

This query is : Resolved 
Profile Image

Profile Image

(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?
Profile Image

Sandeep Dharar

Profile Image

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%.
Profile Image

Varsha Agarwal

Profile Image

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.
Profile Image

Sandeep Dharar

Profile Image

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.
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
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details