RATE OF DEPRECIATION ON BUS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2010
I have bought bus for plying between two towns daily.
What is the rate of depreciation which I can claim and can you give me the section in which this is covered.
Regrds
What is the rate of depreciation which I can claim and can you give me the section in which this is covered.
Regrds
19 October 2010
Plz see the annexure 2 for rate of depreciation.
The rate of depreciation is 30%
The rate of depreciation is 30%
19 October 2010
Motor buses, motor lorries and motor taxis used in a business of running them on hire
Rate of Depreciation 30%
For details see following link---
https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITRU&schT=rul&csId=4a23cee1-1818-45d6-ab19-f155e08ed789&rNo=&sch=&title=Taxmann
Rate of Depreciation 30%
For details see following link---
https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITRU&schT=rul&csId=4a23cee1-1818-45d6-ab19-f155e08ed789&rNo=&sch=&title=Taxmann
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