Depreciation @ 50%
This query is : Resolved
19 March 2012
WE ARE MANUFACTURING CONCERN AND PURCHASE TRUCK IN AUGUST 2009. WE WANT TO KNOW WE CLAIM THE DEPRECIATION @ 50% AS PER ITEM 3(VIA) OF DEPRECIATION CHART.
NEW COMMERCIAL VEHICLE COVER TRUCK PURCHASE BY MANUFACTURING COMPANY OR NOT.
PLEASE GUIDE US.
THANKS IN ADVANCE.
NEW COMMERCIAL VEHICLE COVER TRUCK PURCHASE BY MANUFACTURING COMPANY OR NOT.
PLEASE GUIDE US.
THANKS IN ADVANCE.
20 March 2012
It appears that the intention of the Legislature is to allow dep to trucks used on commercial basis by transporters etc
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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