16 February 2009
What is the rate of depreciation on motor car for A.Y. 2009-10. I heard that the government had issued a notification that we can claim 50% of depreciation is this correct. please clarify my doubt.
16 February 2009
The rate of depreciation on motor car is 15%. The rate of 50% is only for commercial vehicles purchased before 31st March. This notification had been recently issued.
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