Depreciation details
This query is : Resolved
28 June 2013
will be applicable rate of depreciation 15% or 30% in respect of mahenidra van, sumo, car are used in business on hire?
will be applicable rate of depreciation 15% or 30% in respect of mahenidra van, sumo, car are used in business on hire?
28 June 2013
30% can be claimed since van is treated as lorries by CBDT through its Circular 609 dated 29-7-1991.
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