Hi All,
Will the car depreciation for BSIV cars purchased from oct 19 to mar 20 be 30% flat or half of 30% as the asset used for less than 180 days?
5 Replies
pd23071997
(None)
(388 Points)
Replied 12 September 2019
Depreciation as per Income tax will be 50% of the following....
| Motor cars, other than those used in a business of running them on hire, acquired or put to use on or after the 1st day of April, 1990 |
15% |
| Motor buses, motor lorries and motor taxis used in a business of running them on hire | 30% |
Kapadia Pravin
(17259 Points)
Replied 12 September 2019
@ Pranav
The Bharat stage emission standards are standards instituted by the government to regulate output of air pollutants from motor vehicles.
Then Bharat Stage VI (or BS-VI) emission norm would come into force from April 1, 2020 across the country. ...
The BS IV norms have been enforced across the country since April 2017.
The Bharat stage emission standards are standards instituted by the government to regulate output of air pollutants from motor vehicles.
Then Bharat Stage VI (or BS-VI) emission norm would come into force from April 1, 2020 across the country. ...
The BS IV norms have been enforced across the country since April 2017.
Madhavi Pandit
(78 Points)
Replied 13 September 2019
Any one has a circular regarding the increase in the depreciation rate and the conditions, if any?
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