RMC trucks classified as Plant & machinery or Vehicles under fixed assets?
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Fixed assets classification
Replies (3)
Vehicles is not a separate block under IT. Vehicles come under plant &Mach
Sorry my question was not clear.first yr of operaation in order to claim additional depreciation.this is a case of manufacturing concrete.
Truck carrying concrete.wat is the depreciation rate for truck under income tax n companies act.
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