Home Circulars & Notifications CBDT Notifies New Depreciation Rates of 30% & 45% on Vehicles Purchased...

CBDT Notifies New Depreciation Rates of 30% & 45% on Vehicles Purchased Between 23-08-2019 to 31-03-2020

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CBDT Notifies New Depreciation Rates of 30% & 45% on Vehicles Purchased Between 23-08-2019 to 31-03-2020
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The Central Board of Direct Taxes (CBDT) has notified new depreciation rates of 30% and 45% on vehicles purchased between 23.08.2019 to 31.03.2020.

New depreciation rate of 30% on motor cars (other than those used in a business of running them on hire) & 45% on Motor buses, motor lorries and motor taxis used in a business of running them on hire.

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