TaxTMI 
TaxTMI 
TaxTMI 
Depreciation rate on motor car
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....epreciation rate on motor car<br> Query (Issue) Started By: - Ashutosh Chhawchharia Dated:- 28-1-2010 Last Reply Date:- 2-2-2010 Income Tax<br>Got 2 Replies<br>Income Tax<br>What will be the rate of d....
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....epreciation of Motor Car purchased after the amended notification on additional depreciation on Commercial Vehicle.? Reply By Rama Krishana: The Reply: It is 50% - New commercial vehicle which is acq....
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....uired on or after the 1st day of January, 2009 but before the 1st day of October, 2009 and is put to use before the 1st day of October, 2009 for the purposes of business or profession Reply By Uma Ko....
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....thari: The Reply: General rate of 15% will be applicable. If purchased after 30.09.09 7.5% will be allowed. Additional depreciation on motor car is not allowable. By the way Mr.Ashutosh Chhawchharia, ....
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....your query is not complete, it is vauge- which amended notification you are asking about, which car you have purchased, how the care is used, when the car was purchased and when it was put to use. I ....
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....have gone through your profile, finding it incomplete, I saw that there is neither any article nor any reply/ view sent by you. What you have contributed to the discussion forum is generally incomplet....
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....e queries. I hope you will try to ccontirubte more meaningfully in future to the discussion forum instead of simply seeking information. Sorry for friendly criticism- because unless one know the sho....
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....rtcomings, one cannot improve.<br> Discussion Forum - Knowledge Sharing ....