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TMI BlogdepreciationX X X X Extracts X X X X X X X X Extracts X X X X ..... sir we have hired tippper receive hire charges same is taxed as business income. what rate of dep. allowable-: 1. nornal rate ie 15% under plant machinery or 2.motor buses motor lorrie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s used in business of running them on hire - 30% ---- can tippers be classified as motor lorries???? also suggest relevant latest case laws - Reply By CA GOPALJI AGRAWAL - The Reply = The Ti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ppers, Vibrators and Vibrators soil compactors are commercial vehicle eligible for higher rate of depreciation @ 30% You may visit the below case law 2012 (5) TMI 7 - PUNJAB HARYANA HIGH C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... OURT - Reply By SARVESH BALDI - The Reply = sir actually we have given tippers on hire hire charges r received. then also can we claim deprciation under commercial vehicle ?? or under motor veh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icles lorries given on hire hiring is business os assessee?? - Reply By CA GOPALJI AGRAWAL - The Reply = Of course, if the tippers are given and hiring charges is being recd, you would be enti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... led for higher depreciation. - depreciation - Query Started By: - SARVESH BALDI Dated:- 23-11-2012 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xpert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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