Depreciation rate for commerical vehicle for ay 2023-24

25 September 2023 Hi
Person having business of rent a cab operator and hold vehicle in name of firm which is proprietory .What will be depreciation rate for vehicle used for commercial purposes?

25 September 2023 15% as per income tax

26 September 2023 kindly guide under which condition 40% depreciation charged? because i read 40% for brand new commercial vehicle.kindly suggest

26 September 2023

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