Can anybody suggest the rate of depreciation on School bus ?
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 22 August 2009
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%
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