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Depreciation on New Commercial Vehicle for AY 2011-12

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 June 2011 Can anybody tell me whether additional Depre of 50 % on New commercial Vehicle purchased in FY 2010-11 is applicable or not.
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
04 June 2011 RATE OF DEP WILL BE 50 % only if the new vehicle is acquired on or after 01-01-2009 but before 1-10-2009 and is put to use before 1-10-2009

CA MANOJ GUPTA
JODHPUR
09828510543

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