Depn Rate for commercial vehicle
This query is : Resolved
09 March 2009
Dear Sir,
My co. purchased a car on 10/01/09 for and given to employee for his official use. Pl clarfy wheather it is commercial vehicle and if it is commercial vehicle that wheather 180 day clause would be applicable on that i.e. depn rate @50% of 25%.
Regards,
Sandeep Aggarwal
My co. purchased a car on 10/01/09 for and given to employee for his official use. Pl clarfy wheather it is commercial vehicle and if it is commercial vehicle that wheather 180 day clause would be applicable on that i.e. depn rate @50% of 25%.
Regards,
Sandeep Aggarwal
09 March 2009
It is not a commercial vehicle and the rate of depreciation is 15%.
As you have used the vehicle for less than 180days, so you should charge depn. @ 7.50% in the first year.
As you have used the vehicle for less than 180days, so you should charge depn. @ 7.50% in the first year.
09 March 2009
Dear Tilak
As per RTO passing,we have paid higher regn. fees. what is the meaning of commercial vehicle.
Regards,
Sandeep Aggarwal
As per RTO passing,we have paid higher regn. fees. what is the meaning of commercial vehicle.
Regards,
Sandeep Aggarwal
09 March 2009
Dear Tilak
As per RTO passing,we have paid higher regn. fees. what is the meaning of commercial vehicle.
Regards,
Sandeep Aggarwal
As per RTO passing,we have paid higher regn. fees. what is the meaning of commercial vehicle.
Regards,
Sandeep Aggarwal
09 March 2009
Motors car other than used in the business of running them on hire - rate is 15%.
There is no higher rate of depreciation for commercial vehilces purchased after April 2002.
There is no higher rate of depreciation for commercial vehilces purchased after April 2002.
09 March 2009
Commercial Vehicles are defined under section 2 of the motor vehicle act 1988.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
