Depreciation on commercial vehicles
This query is : Resolved
M. Santhosh kumar
(Querist)
24 September 2011
Can you please tell me the rate of depreciation for commercial vehicles for the A-Y 2011-12. If any circular or notification is there please tell me asap.
CA Parth Shah
(Expert)
24 September 2011
Commercial vehicles purchased between 1.4.09 to 1.6.09 will get same 50% depriciation in AY-11-12 too. except that, there is no specific circular hence 15%.
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