Easy Office
Easy Office

Depreciation rate for truck as per Income Tax Act

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 August 2008 We purchased truck on 1.4.2006. As per company Act 1956 depreciation rate is 30% P.A. But We want to know Howmuch Current depreciation rates of truck for a company as per Income Tax 1961 i.e 30% or 15%.
Profile Image

CA Hemant T Dewani

Profile Image

CA Hemant T Dewani (Expert)
07 August 2008 30%

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links