Menu
Depreciation rate for FY 2021-22
What is the Depreciation rate for Electric Scooters like Bajaj Chetak or Ola for FY 2021-22, AY 2022-23.
Replies (3)
Electrically operated vehicles including battery powered or fuel-cell powered vehicles = 40% Depreciation rate from AY 2018-19 onwards as per IT Act.
Thanks. But life of such vehicles is 3yrs. Will this not be considered?
Can you please specify the act and the section under which electric vehicles can be depreciated at 40%
thanks
Recent Threads
- ITR-3 Presumptive 44AD + Business income - Require
- Block income tax return ITRB
- ITR-1 FORM FOR AY 2026-27
- Service Tax Apple and Pre Deposit
- Sale of redeveloped property Tax
- 44ADA or 44AD for App Store app sales (194O TDS) a
- Returning NRI employment person Tax status
- Audit of clients of Portfolio Manager (PMS)
- Section 56(2)(x) on agriculture land in Rural area
- GST Rules 86B
Related Threads
CAclubindia
