DEPRECIATION RATE
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2010
WHAT IS THE RATE OF DEPRECIATION ON TRACTOR AND MOTOR VEHICLE AS PER COMPANIES ACT AND AS PER INCOME TAX ACT.
28 June 2010
As per Companies Act >
Motor Tractors > WDV - 30% & SLM - 11.31%
Motor Vehicle > WDV - 25.89% & SLM - 9.5%
As per Income Tax Act >
Motor Vehicle > 15%
Motor Tractors > They are not included in commercial vehicle, and no special rate is provided for that, may be cecause the agricultural income is exempt.
Experts views are solicited.......
Motor Tractors > WDV - 30% & SLM - 11.31%
Motor Vehicle > WDV - 25.89% & SLM - 9.5%
As per Income Tax Act >
Motor Vehicle > 15%
Motor Tractors > They are not included in commercial vehicle, and no special rate is provided for that, may be cecause the agricultural income is exempt.
Experts views are solicited.......
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- 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
- Import license renewal
- 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
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
