Rate of depreciation for bus
This query is : Resolved
12 November 2012
Dear sir,
what is the rate of depreciation for bus is put to use in the business as per income tax Act?
what is the rate of depreciation for bus is put to use in the business as per income tax Act?
Amol S Joglekar
(Expert)
12 November 2012
The rate of depreciation for VEHICLE is 15% while the rate of depreciation for motor buses, motor lorries and motor taxes used in the business of running them on hire is 30%
12 November 2012
Dear sir,
what is rate of depreciation for bus is acquired then put to use in business not use for hire?
Dear sir,
what is rate of depreciation for bus is acquired then put to use in business not use for hire?
Amol S Joglekar
(Expert)
12 November 2012
15 %. It should be covered under VEHICLE.
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