Depreciation rate for FY 2021-22
Rajnikaant Gandhi (23 Points)
01 July 2022
What is the Depreciation rate for Electric Scooters like Bajaj Chetak or Ola for FY 2021-22, AY 2022-23.
3 Replies
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 01 July 2022
Electrically operated vehicles including battery powered or fuel-cell powered vehicles = 40% Depreciation rate from AY 2018-19 onwards as per IT Act.
Rajnikaant Gandhi
(23 Points)
Replied 01 July 2022
Thanks. But life of such vehicles is 3yrs. Will this not be considered?
paresh kale
(2 Points)
Replied 12 September 2023
Can you please specify the act and the section under which electric vehicles can be depreciated at 40%
thanks
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