Depreciation
This query is : Resolved
28 April 2010
Can anyone kindly let me know what exactly is the depreciation rate applicable for motor cycle. I hope it is 25.89% as per ROC guidelines. Pls advise the rate as per INCOME TAX Act. i will be very much obliged to those who post responses.
28 April 2010
as per companies act 25.89 in WDV method
As per income tax act rate is 15%
As per income tax act rate is 15%
28 April 2010
ROC - 25.89% (WDV)
- 9.50% (SLM)
- 9.50% (SLM)
28 April 2010
thanks
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