Dear Sir
We have a proprietorship purchased Innova-four Wheeler Invoice value 1980000/- and date 19 Feb 2021. So can I Claim deprecation. if Yes how much % and how many Days.
Menu
Innova-four Wheeler fixed assets
Replies (3)
Quick Summary
For income tax purposes depreciation rate will be 50% as it is used for less than 180 days. Rate will be 15% * 50% is 7.5%
Thank you Sourav Sir
Your welcome
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
