Can anybody suggest the rate of depreciation on School bus ?
Can anybody suggest the rate of depreciation on School bus ?
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%
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
