depreciation rate on commercial vehicle

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Chartered Accountant
912 Points Joined November 2017
What is the depreciation rate on truck acquired in 2017?
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On 30 May 2018 at 14:01 Report
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3 Points Joined July 2017
15 percent
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On 30 May 2018 at 14:37
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"Do the Right Thing...!!!"
128111 Points Joined January 2015
@ 15%
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On 30 May 2018 at 15:29
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Accountant
528 Points Joined August 2014
15% if truck is used for commercial/business purpose and if truck is used for hiring purpose then it will be 30% as per IT act
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On 30 May 2018 at 18:25
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24196 Points Joined May 2018
Good answer.
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On 30 May 2018 at 20:21
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Chartered Accountant
912 Points Joined November 2017
thanks
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On 31 May 2018 at 11:18

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