As per companies act, depreciation on buses used in the business of tours &
travels is 25.89 % or 40%
Further if the vehicle is a car and not a bus, will your answer change ?
CA Rajesh (Mumbai)
Hello: 9820989383
Email: rajeshpoddarceo @ yahoo.com
2 Replies
Jasmeet
(25 Points)
Replied 10 May 2007
No the answer will remain same as rate of dep. specified under the comopanies act is for vehicles including cars .
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