Hi Sir or Madam
As per Income tax act Depreciation rate is 15% for vehicles
will it allowable to claim depreciation at 10% or 20% not in line with income tax act
Please advise
Thanks in advance
No, not possible ................. only if you bought vehicles after the six months of the f.y. you can depreciate half of the rate .
| Originally posted by : NARENDRA battleship online | ||
 |
No, not possible ................. only if you bought vehicles after the six months of the f.y. you can depreciate half of the rate . |  |
Thanks for the answer.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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