Depreciation rate of electric scooty

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4 Points Posted on 12 September 2022
Hai friends, what is the depreciation rate for electric Scooty?
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On 12 September 2022 at 16:21 Report
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This discussion explores the depreciation rate applicable to electric scooties under the Income Tax Act. For professional use, the rate is typically 15%, aligning with the depreciation for plant and machinery. The conversation also touches upon whether the scooty is used for business purposes, which might influence its depreciation calculation.

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Profession Business
28246 Points Posted on 12 September 2022
Do you use it professional or business purposes?
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On 12 September 2022 at 20:23
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33 Points Posted on 12 September 2022
Depreciation rate as per Income tax act is 15% i.e of plant and machinery
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On 12 September 2022 at 21:41
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4 Points Posted on 13 September 2022
For professional purpose
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On 13 September 2022 at 08:59

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