Motor buses, motor lorries and motor taxis used in a business of running them on hire, acquired during the period from 23.8.2019 to 31.3.2020 and put to use on or before 31.3.2020, will be entitled to a higher rate of depreciation of on w.d.v.
A. 30%
B. 45%
C. 15%
D. 40%
Answer:B
Motor buses, motor lorries and motor taxis used in a business of running them on hire, acquired during the period from 23.8.2019 to 31.3.2020 and put to use on or before 31.3.2020, will be entitled to a higher rate of depreciation of on w.d.v.
A. 30% B. 45% C. 15% D. 40%