depreciation on School bus

Others 9605 views 2 replies

Can anybody suggest the rate of depreciation on School bus ?

Replies (2)

For income tax purpsoes, it would be 15%..

 

For companies ACt purposes,

             -In case, WDV method is followed, its 30%

             -, and in case, SLM method is followed, its 11.31%

as per IT act it is 15%


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