Reva Car Depreciation
This query is : Resolved
16 July 2010
Could somebody explain to me the depreciation percentage for Reva Car purchase according to IT Act and Companies Act.
16 July 2010
Depreciation on car re as follows:-
Income Tax ACt: 15%
Companies ACt : 25.89%
Income Tax ACt: 15%
Companies ACt : 25.89%
16 July 2010
agreed, it is same as per other car.
There is no difference in dep between on electric car and normal car.
There is no difference in dep between on electric car and normal car.
16 July 2010
The car is purchased for commercial purpose, please let me know the depreciation rate.
16 July 2010
What is renewable energy devices? Does'nt Reva Car come under this category.
Please clarify?
Please clarify?
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