Rate of depreciation
This query is : Resolved
11 June 2019
Dear Experts,
I have a query regarding depreciation rate. We used our truck only for delivered our goods from factory to whole sellers point without charging freight.
What is rate of depreciation of that truck 15% or 30%.
Please reply.
I have a query regarding depreciation rate. We used our truck only for delivered our goods from factory to whole sellers point without charging freight.
What is rate of depreciation of that truck 15% or 30%.
Please reply.
11 June 2019
You can charge depreciation @ 30% as Per income tax act
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