Menu
Depreciation on Motor car and Motor cycle
please give rate of Depreciation of Motor car and Motor cycle for Firm and Individuals for A.Y 2021-22
Replies (2)
Depreciation rate can be calculated as follows
Total cost of the vehicle - Scrap value X 100 divided by life of the vehicle = % of depreciation.
Depreciation rate as per Income Tax Act, 1961 is 15% on both car and cycle...
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
