Rate of depreciation for f. Y. 2019-20 on bike purchased on 23rd August 2019
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Quick Summary
This discussion clarifies the depreciation tax rate applicable to a bike purchased on 23rd August 2019 for the financial year 2019-20. It explores the standard 15% rate and highlights increased rates of 30% and 45% for bikes purchased within a specific period, particularly for hiring businesses and professionals.