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18. Income tax (Eleventh Amendment) Rules, 2009 —
Notification no. 37/2009 dated 21 April 2009
The CBDT had amended the depreciation rate and provided for
enhanced depreciation on new commercial vehicles acquired after 1st January,
2009 and before 1 April 2009. By a recent amendment, the benefit is extended.
The benefit of enhanced depreciation on commercial vehicles shall now be
available for vehicles acquired up to 30th September 2009.
