Kshirod Barik (Finance Officer) (46 Points)
18 June 2010
Shweta Garg
(CA FINAL Executive(Payables))
(147 Points)
Replied 18 June 2010
it would be vehicle and the rate of depreciation will be the same as on vehicles.
Abhimanyu Bind
(CA Final Student & Audit Assitant)
(2051 Points)
Replied 18 June 2010
Depreciation rate of Machinery will be applicable on the same. i.e. 15%
Ankit CA and CS
(Manager - Accounts)
(204 Points)
Replied 18 June 2010
If SLM then rate will be 9.5% and WDV 25.89%... as per nSch XIV of Companies Act...
Arvind Sharma
(ACA)
(1432 Points)
Replied 18 June 2010
as per Income Tax 30%
and as per Companies Act, it is 16.21% SLM or 40%WDV
Neha Thalla
(CA & CWA Student)
(63 Points)
Replied 18 June 2010
Depreciation on that vehicle would be @ 15% as per Income Tax Act, 1961
Devendra
(Chartered Accountant)
(4775 Points)
Replied 18 June 2010
Depreciation will be @ 15%. And if it is let out on hiring/plying then it will be 30%.
Manish
(CA Final Student)
(201 Points)
Replied 18 June 2010
25.89% as per companies act and 15% as per income tax
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)