Car Depreciaion

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Hi

Can a Ltd company charge depreciation under Income Tax Act on "SECOND HAND CAR"?. If so what is the rate of depreciation?.

Thanks & Regards

B Bala Pullaiah

 

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                                                                                                                                           wdv single shift     slm%

 

Motor-cars, motor-cycles, scooters and other mopeds [NESD] 25.89% 9.5%


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