TMI BlogDepreciation rate on motor carX X X X Extracts X X X X X X X X Extracts X X X X ..... What will be the rate of depreciation of Motor Car purchased after the amended notification on additional depreciation on Commercial Vehicle.? - Reply By Rama Krishana - The Reply = It is 50% - New commercial vehicle which is acquired on or after the 1st day of January, 2009 but before the 1st day of October, 2009 and is put to use before the 1st day of October, 2009 for the purposes of business ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or profession - Reply By Uma Kothari - The Reply = General rate of 15% will be applicable. If purchased after 30.09.09 7.5% will be allowed. Additional depreciation on motor car is not allowable. By the way Mr.Ashutosh Chhawchharia, your query is not complete, it is vauge- which amended notification you are asking about, which car you have purchased, how the care is used, when the car was purchas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed and when it was put to use. I have gone through your profile, finding it incomplete, I saw that there is neither any article nor any reply/ view sent by you. What you have contributed to the discussion forum is generally incomplete queries. I hope you will try to ccontirubte more meaningfully in future to the discussion forum instead of simply seeking information. Sorry for friendly criticis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m- because unless one know the shortcomings, one cannot improve. - Depreciation rate on motor car - Query Started By: - Ashutosh Chhawchharia Dated:- 28-1-2010 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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