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Depriciation

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(Querist)
03 March 2012 DEar sir,

I bought new car in my company name than how much Depriciation rate on car
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CA.rajni kalsariya

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CA.rajni kalsariya (Expert)
03 March 2012 15% on plant & machinery. car is inlcuded in P&M.
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SAMIR DESAI

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SAMIR DESAI (Querist)
03 March 2012 IF I PURCHASE IN MARCH THAN HOW MUCH DEPRICIATION AS PER INCOME TAX & AS PER COMPANY ACT
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CA.rajni kalsariya

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CA.rajni kalsariya (Expert)
03 March 2012 as per income tax 7.5% and as per co.act dep.provide for days use in a year as per applicable rate.

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