Depreication on Commercial Vehicles
This query is : Resolved
Quick Summary
Shalini RN
(Querist)
18 July 2023
We are Goods Transport agency, and have sold two commercial vehicles during July 2023. My question is whether we can we depreciate the sold vehicles at 50% of usual depreciation rate (30%) as they are sold in July 2023 and are put to use for less than 180 days during this Financial Year.
Thank You,
Thank You,
Dhirajlal Rambhia
(Expert)
18 July 2023
No. Not eligible.
Shalini RN
(Querist)
18 July 2023
THANK YOU VERY MUCH SIR
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Dhirajlal Rambhia
(Expert)
18 July 2023
You are welcome.
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