Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2017
case 1 . depreciation on truck case 2: depreciation on motor truck IS both case is same under taxtion ??? or NO dep in 1st case???? can some one please explain me
Read more at: https://www.caclubindia.com/forum/dep-on-truck-and-motor-truck-379249.asp
Read more at: https://www.caclubindia.com/forum/dep-on-truck-and-motor-truck-379249.asp
Amol S Joglekar
(Expert)
03 January 2017
prima facie both fall under same category. So the rate of depreciation is same.
The other factors for different rate of depreciation would be "used for goods transport" or "used for personal use"
The other factors for different rate of depreciation would be "used for goods transport" or "used for personal use"
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