Depreciation rate
This query is : Resolved
04 November 2008
We have fmcg co. We purchased a truck on 1.4.2008 and use for own co. for delivery of FMCG goods to our distributor or retailer. We collect delivary charges or distribution cost by raised excise invoice for this delivery. So, What will be the rate of depreciation for truck as per IT for delivery own goods to distributor & collect delivery charges.Delivery charges or distribution cost shown seperately in excise invoice at time of delivery.
04 November 2008
When was the vehicle purchased?
04 November 2008
As per cos act 13.61% WDV and 4.75 as per SLM...(single shift only)
u better see this http://www.fastfacts.co.in/resources/DepCoAct.rtf
as per IT it is 15%....
u better see this http://www.fastfacts.co.in/resources/DepCoAct.rtf
as per IT it is 15%....
15 November 2008
Dep. on Truck as per I.T. Act is deducted @15%.
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