Depreciation

Now as it is clarified that the vehicle is not for hire, then the rate for dep is 15%

Satyen

Ms. Rashmi  read the meaning of commercial vehicles first then answer.

sir, pl refer to the rates of depreciation. Your asset (commercial vehicle used for the purpose of own business other than the business of running them on hire) falls under the category of III(1) and not III(2) or III(3), which prescribes the rate of 15%.