Depriciation on Pick Up van which is used in our Bussiness

Sir,

I had purchased a mahindra pick-up van on 05-jan-2009.. i want to know how much rate of depciation for financial year 2008-2009.

Replies (2)

 if it is for commercial purpose then 25% in 2008-09 and 50% for next years

 

Originally posted by :Vkas
" Sir,
I had purchased a mahindra pick-up van on 05-jan-2009.. i want to know how much rate of depciation for financial year 2008-2009.
"

As it is clearly mentioned that the assessee purchased a mahindra pick up van, the same should be used for business or commercial use the rate of depreciation is 50% for the same. But the van is purchased on 05 Jan 2009 and assume that it is put to used on the same day, so the asset is used less than 180 days in the financial year 2008-09, hence the depreciation is calculated at the rate of 25%.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details