Hi,
Can u let me know what is the current rate of depreciation on Motor Cars as per Companies Act, following WDV Basis.
thnx
2 Replies
CA CS Jainam Shah
(Practicing Chartered Accountant)
(2492 Points)
Replied 04 November 2012
Current Rate of Depn. As Per Co's Act on motor car is 25.89% as per wdv method.
praveen kumar devarapalli
(Managing Director)
(361 Points)
Replied 05 November 2012
25.89 % on WDV Basis, fololowing on day wise basis
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