depreciation

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16 Points Joined March 2007
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)
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Email: rajeshpoddarceo @ yahoo.com
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On 10 May 2007 at 16:20 Report
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25 Points Joined March 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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On 10 May 2007 at 16:20
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13 Points Joined March 2007
What vehicle U own Car or Bus?
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On 10 May 2007 at 16:20


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