Depreciation on commercial vehicle

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 February 2014 What will be the allowable rate of depreciation on a commercial vehicle purchased after 01.01.2009 but before 01.10.2009 and put ot use in the said period?
How long can the same rate of depreciation be claimed by the assesse?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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10 February 2014 The rate of Depreciation for the said period is 50% and the same rate can be applied by the same assessee over the lifetime of the asset.