Perquisite on sale of electric car to an employee

[SARAVANAN RENGACHARY]

Hi,

Please let me know what is the rate of depreciation in case of sale of electric car to an employee when the perquisite value is calculated. In case of other motor cars, depreciation is 10%, is it the same for electric car also? Please confirm.

Regards,

Shivashankar

 

AI Summary

Clarification Sought on Depreciation Rate for Electric Car Perquisite Value: Is It the Same 10% as Other Cars? An individual inquired about the rate of depreciation applicable to the sale of an electric car to an employee for calculating the perquisite value, questioning if it is the same as the 10% rate used for other motor cars. A respondent asked if the issue was clarified, inviting further communication if needed.