Depreciation
This query is : Resolved
13 June 2009
Hi
The rate of depreciation for motor vehicles under income tax act is 15%.
Can anybody give me the rate for two wheelers(bikes) under IT Act.
Thanks & Regards
Pankaj
The rate of depreciation for motor vehicles under income tax act is 15%.
Can anybody give me the rate for two wheelers(bikes) under IT Act.
Thanks & Regards
Pankaj
13 June 2009
No rates specifically mentioned in appendix-1 r.w.r 5 of the Income tax Rules,1962.
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