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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Depreciation - vehicles used in the business of transportation ...


Depreciation Rate for Waste Transport Vehicles Set at 30% Due to Commercial Use for Goods Transport.

September 16, 2015

Case Laws     Income Tax     AT

Depreciation - vehicles used in the business of transportation of municipal solid waste - @ 30% OR @15% - There is a commercial exploitation of the vehicles for transporting the goods on hire. Therefore, the assessee is entitled for higher rate of depreciation - AT

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