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
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details