Easy Office
LCI Learning

Rate of depreciation of motor car

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 March 2012 I wanted to know the rate of depreciation of motor car. Please clarify.
Profile Image

Seema

Profile Image

Seema (Expert)
24 March 2012 As per companies Act,
Motor-cars, motor-cycles,scooters & other mopeds[NSED]
25.89% (WDV), 9.5% (SLM)

As per Income Tax Act,
Motor cars, other than those used in a business of running them on hire-- 15%

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links