Plz help me.
i want to know the rate of depreciation to be charged on cycle as per sec 32.
Amir
(Learner)
(4016 Points)
Replied 20 June 2010
Hi Ruchi,
Rate shall be as applicable to P&M- General i:e 15%
If it is put to use for less than 180 days during the PY then rate shall be 7.5%
RAKESH
(Almost CA)
(2199 Points)
Replied 20 June 2010
15% - Full year
if less than 180 days then half of 15% i.e 7.5%
komal jain
(student)
(36 Points)
Replied 21 June 2010
Depreciation is to be charged @ 15% because for any assets the rate of which is not given in Sec 32.....a general rate of 15% is to be charged
SUMIT BURMAN
(ACCOUNTS MANAGER)
(22 Points)
Replied 21 June 2010
the rare of depreciation of cycle u/s 32 is 15%
CAclubindia
