depreciation
This query is : Resolved
07 August 2008
We purchased truck on 1.4.2006. As per company Act 1956 depreciation rate is 30% P.A. But We want to know Howmuch Current depreciation rates of truck (running for own business not for hire) for a company as per Income Tax 1961 i.e 30% or 15%.
14 August 2008
15 %
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