Depreciation on commercial vehicle
This query is : Resolved
24 February 2009
Dear sir,
If a company purchases car for its director to use it to run for company's business purpose (not as a taxi)then is the company eligible for depreciation @50% as per notification 10/09?
please advice.
priya
If a company purchases car for its director to use it to run for company's business purpose (not as a taxi)then is the company eligible for depreciation @50% as per notification 10/09?
please advice.
priya
24 February 2009
Pl read yesterdays 'The Hindu' in which Mr.Rajarathinam has writen elaborately on this issue.
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