Depreciation on commercial vehicle
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2014
What will be the allowable rate of depreciation on a commercial vehicle purchased after 01.01.2009 but before 01.10.2009 and put ot use in the said period?
How long can the same rate of depreciation be claimed by the assesse?
How long can the same rate of depreciation be claimed by the assesse?
CA PARAS BAFNA
(Expert)
10 February 2014
The rate of Depreciation for the said period is 50% and the same rate can be applied by the same assessee over the lifetime of the asset.
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