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Depreciation of gps installed in delivery vans
What is the rate of depreciation for GPS devices installed in delivery vehicles?
Please note that the information from the GPS devices can be read only through a certain software installed in the computer and via internet.
Thank you.
Replies (3)
60% as per Income Tax Act, 1961.
i think the rate of depraciation on sofwares would be applicanle..hence 60%
Rate @ 60%
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