depreciation rate on commercial vehicle
CA Nikita Motwani (Chartered Accountant) (912 Points)
30 May 2018
What is the depreciation rate on truck acquired in 2017?
5 Replies
Bibek jaiswal
(Accountant)
(528 Points)
Replied 30 May 2018
15% if truck is used for commercial/business purpose and if truck is used for hiring purpose then it will be 30% as per IT act
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