In an effort to stimulate the economy by encouraging businesses to buy new assets, Congress approved special depreciation rules for acquired property. Because business assets such as computers ...

The Lucid stock price has rebounded in the past few weeks as investors bet on the upcoming Gravity launch. This week, it rose ...

A basic explainer of the business mileage standard rate, plus a look at what led the IRS to change the rate this year.

As per the GST rules, the 18% GST slab is applicable to electric vehicles (EVs) as well as petrol cars with an engine capacity exceeding 1,200 cc or a length exceeding 4,000 mm. Additionally, diesel ...

These are instances where a company sells cars which were used for business purposes and were part of their capital assets. Depreciation is allowed only on capital assets under section 32 of the ...