Depreciation on Vehicle (CAR)
This query is : Resolved
21 August 2010
Can anyone provide me the list of depreciation rate on Vehicle (CAR) as per companies act from the P.Y.04-05 to P.Y.06-07 ???????
plz rply its urgent............
plz rply its urgent............
Aditya Maheshwari
(Expert)
21 August 2010
For companies Act - 25.89%
In income tax
From assessment year 2006-07 onwards - 15%
for assessment years 2003-04 to 2005-06 - 20%
In income tax
From assessment year 2006-07 onwards - 15%
for assessment years 2003-04 to 2005-06 - 20%
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21 August 2010
Companies Act : 25.89 % for all three years
Income Tax :
PY - 2004-05 = 20 %
PY - 2005-06 / 2006-07 = 15%
Income Tax :
PY - 2004-05 = 20 %
PY - 2005-06 / 2006-07 = 15%
Message likes :
1 times
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