Rate of depreciation of motor car
This query is : Resolved
23 March 2012
I wanted to know the rate of depreciation of motor car. Please clarify.
24 March 2012
As per companies Act,
Motor-cars, motor-cycles,scooters & other mopeds[NSED]
25.89% (WDV), 9.5% (SLM)
As per Income Tax Act,
Motor cars, other than those used in a business of running them on hire-- 15%
Motor-cars, motor-cycles,scooters & other mopeds[NSED]
25.89% (WDV), 9.5% (SLM)
As per Income Tax Act,
Motor cars, other than those used in a business of running them on hire-- 15%
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