Depreciation rate
This query is : Resolved
20 September 2012
Can anyone let me rate of depreciation apllicable for mobile cranes, forklifts, hydra, reach stacker and other such cargo/container handling equipments.
21 September 2012
30% can be claimed for mobile cranes and forklifts,if used in the business of running them on hire, vide Gujarat High Court decision in M/s Gujco Carriers case reported in 122 Taxman 206.
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