if I purchase car in November 2019 can I claim depreciation @ 30% on the said car ??
is it necessary that car should be BS4 NORMS
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Depreciation on Cars
Replies (2)
As per IT car depreciation rate @ 15%.
&
I don't think any provisions refer BS4 vehicle for depreciation purpose.
&
I don't think any provisions refer BS4 vehicle for depreciation purpose.
Car vehicle international norms do not impact on rate of depreciation.
Depreciation is @ 15%.
For this FY 2019-2020 Depreciation will be half of 15%
Depreciation is @ 15%.
For this FY 2019-2020 Depreciation will be half of 15%
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