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Rate of depreciation for bus

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(Querist)
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?
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Amol S Joglekar

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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%
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T.M.Prabu

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T.M.Prabu (Querist)
12 November 2012
Dear sir,


what is rate of depreciation for bus is acquired then put to use in business not use for hire?
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Amol S Joglekar

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Amol S Joglekar (Expert)
12 November 2012 15 %. It should be covered under VEHICLE.
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