Hi All,
Will the car depreciation for BSIV cars purchased from oct 19 to mar 20 be 30% flat or half of 30% as the asset used for less than 180 days?
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Car depreciation purchased till march 2020
Replies (5)
It will be half of 30%
what is BSIV cars.
pls explain?
pls explain?
Depreciation as per Income tax will be 50% of the following....
| Motor cars, other than those used in a business of running them on hire, acquired or put to use on or after the 1st day of April, 1990 |
15% |
| Motor buses, motor lorries and motor taxis used in a business of running them on hire | 30% |
@ Pranav
The Bharat stage emission standards are standards instituted by the government to regulate output of air pollutants from motor vehicles.
Then Bharat Stage VI (or BS-VI) emission norm would come into force from April 1, 2020 across the country. ...
The BS IV norms have been enforced across the country since April 2017.
The Bharat stage emission standards are standards instituted by the government to regulate output of air pollutants from motor vehicles.
Then Bharat Stage VI (or BS-VI) emission norm would come into force from April 1, 2020 across the country. ...
The BS IV norms have been enforced across the country since April 2017.
Any one has a circular regarding the increase in the depreciation rate and the conditions, if any?
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