As per companies act, depreciation on buses used in the business of tours & travels is 25.89 % or 40% Further if the vehicle is a car and not a bus, will your answer change ?
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Motor Buses, Motor Lorries and Motor Taxis used in a business of running them on hire.
|
Single Shift |
W.D.V. |
S.L.M |
|
Rate of Dep. (%) |
40.00 |
16.21 |
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