Depreciation
This query is : Resolved
Srinivasan
(Querist)
28 April 2010
Can anyone kindly let me know what exactly is the depreciation rate applicable for motor cycle. I hope it is 25.89% as per ROC guidelines. Pls advise the rate as per INCOME TAX Act. i will be very much obliged to those who post responses.
Aditya Maheshwari
(Expert)
28 April 2010
as per companies act 25.89 in WDV method
As per income tax act rate is 15%
As per income tax act rate is 15%
CMA Chandan Singh
(Expert)
28 April 2010
ROC - 25.89% (WDV)
- 9.50% (SLM)
- 9.50% (SLM)
Srinivasan
(Querist)
28 April 2010
thanks
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