Rate of dep for cycle
This query is : Resolved
28 September 2014
friends,what will be the rate of depreciation in case of cycle(simple cycle)
28 September 2014
Rate of Depreciation under income Tax Act is 15%.
28 September 2014
BUT ONE OF MY FRIEND IS SAYING THAT ,AS THERE IS NO MACHINERY FITTED SO DEP. RATE IS 10%, IS HE RIGHT?
29 September 2014
https://www.vohraandsehgal.com/utilities/depreciation.htm#note5
Check out the rates from above link. See where can you apply rate @10%. In my view 15% rate will apply.
Check out the rates from above link. See where can you apply rate @10%. In my view 15% rate will apply.
29 September 2014
It can be given depreciation @15% under the category of Machinery.There is no specific rate as in the case of other two wheelers also.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
