Depreciation rate for commercial vehicles
Querist : Anonymous
what is the IT depreciation rate for commercial Vehicles purchased on 30.07.2011 and 12.08.2012
Querist : Anonymous
b) New Commercial vehicle acquired on or after 1.10.98 but before 1.4.99 and is put to use before 1.4.99 in replacement of condemned vehicle of over 15 years of age for the purpose of business or profession. Rate is 60%
c) New Commercial vehicle acquired on or after 1.4.99 but before 1.4.2000 in replacement of condemned vehicle of over 15 years of age and is put to use before 1.4.2000 for the purpose of business or profession. Rate is 60%
Querist : Anonymous
So... There is no any separate Depreciation rate for commercial vehicles purchased b/w FY 2012-13 and FY 2011-12
Querist : Anonymous
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