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Income Tax - Highlights / Catch Notes

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Rate of Depreciation on vehicles 15% or 30% - commercial ...

Income Tax

May 5, 2018

Rate of Depreciation on vehicles 15% or 30% - commercial vehicles - There was no evidence to show that the vehicles were used for running them on hire - the assessee is not entitled for higher rate of depreciation and entitled for only at normal rate of depreciation. - AT

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