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Dep rate for Motor car

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(Querist)
17 March 2009 Hello,

I have heard that,, motor car is purchsed in the month January 2009 depreceation rate is instead of usual 15% now it has changed to 50%???.

Is it true.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
17 March 2009 Yes, there is a new notification for new commercial vehicle purchased between 01.01.2009 to 31.03.2009 and also put to business use - the rate of depreciation is 50%.

Notification No. 10 dated 19.01.2009.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
17 March 2009 i support the expert
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HUZAIFA HUSSAIN

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HUZAIFA HUSSAIN (Expert)
17 March 2009 I AGREE WITH MR.TILAK

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