Higher depreciation on commercial vehicle

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..... During the financial year 2008-09 ( A Y 2009-10) a motor car ( i.e. Light Motor Vehicle) purhcased between the period 1.1.2009 to 31.3.2009. There was a provision of depreciation to be charged @ 50%. .....

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..... Now, what should be the rate of depreciation for the financial year 2009-2010 ( i.e. A Y 2010-10) for WDV as on 1.4.2009 for the same LMV (motor car)? Whether it is 50% or 15% ? - Reply By Surender .....

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..... Gupta - The Reply = IT will remain to be 50% for the subsequent years. See entry no. (via) within the block plant and machinery in the Annexure 1 of the Income Tax Rules, 1962 - Higher depreciation .....

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..... on commercial vehicle - Query Started By: - Kishor Vishnu Dated:- 5-4-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Ta .....

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..... x Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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