Depreciation rate for commerical vehicle for ay 2023-24
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sachin Alwadhi
(Querist)
25 September 2023
Hi
Person having business of rent a cab operator and hold vehicle in name of firm which is proprietory .What will be depreciation rate for vehicle used for commercial purposes?
Person having business of rent a cab operator and hold vehicle in name of firm which is proprietory .What will be depreciation rate for vehicle used for commercial purposes?
sachin Alwadhi
(Querist)
26 September 2023
kindly guide under which condition 40% depreciation charged? because i read 40% for brand new commercial vehicle.kindly suggest
26 September 2023
https://www.caclubindia.com/articles/depreciation-rates-as-per-income-tax-act-for-fy-2023-24-49584.asp
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