Depreciation
Vatsal (Student) (453 Points)
02 September 2016
What is the rate of depreciation on vehicle if it is purchased during 2010-2015 for the trusts?
1 Replies
ANKUR TAH
(Teacher Consultant and CA finalist.)
(543 Points)
Replied 02 September 2016
- Motor cars other than those used in a business of running them on hire --- 15%
- Motor buses, motor lories, motor vans and motor taxis used in a business of running them on hire---- 30%
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