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February 2009

Depreciation on new commercial vehicles @ 50% : Income-tax (Third Amendment) Rules, 2009, dated 19-1-2009.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants
Reading Time 1 mins
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Part A : DIRECT TAXES


29 Depreciation on new commercial vehicles @
50% : Income-tax (Third Amendment) Rules, 2009, dated 19-1-2009.

The CBDT has provided accelerated depreciation @ 50% to new
commercial vehicles which are acquired on or after 1-1-2009, but before
1-4-2009, and put to use before 1-4-2009.

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