Depreciation u/s 32

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RAJUBHAI (Querist)
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07 February 2009 In view of recent notification No. 10 of 2009 dated 19-01-09. Regarding the purchase of new commercial vehicle and allowable Depreciarion at 50%. I hav query that wheather the new commercial vehicle also includes a motor car.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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07 February 2009 Motor car is not included in commercial vehicle. Vehicles used for transportation of goods is called as commercial vehicle. for eg. tempo, lorry, truck etc.

RAJUBHAI

RAJUBHAI (Querist)
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11 February 2009 Respected Sir,
Is motor-car included under the definations of light motor vehicle u/s.2 of motor vehicles Act,1988? If answer is yes, then the recent notification no:10(2009) is applicable to new purchase of motor-car(Commercial Vehicle) which is put to use for the purpose of business/profession. PLEASE CLARIFY.

RAJUBHAI

RAJUBHAI (Querist)
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12 February 2009 Respected Sir,
Is motor-car included under the definations of light motor vehicle u/s.2 of motor vehicles Act,1988? If answer is yes, then the recent notification no:10(2009) is applicable to new purchase of motor-car(Commercial Vehicle) which is put to use for the purpose of business/profession. PLEASE CLARIFY

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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21 July 2024 Yes, a motor-car can be considered a type of "light motor vehicle" under Section 2 of the Motor Vehicles Act, 1988. Section 2 defines various categories of motor vehicles, and a motor-car typically falls under the category of "light motor vehicles" as it is designed primarily for carrying passengers and their luggage.

Regarding Notification No. 10(2009), without specific details of the notification number and its content, it's challenging to provide a precise interpretation. However, notifications under the Motor Vehicles Act often pertain to regulations regarding registration, taxation, and usage of vehicles on public roads.

If Notification No. 10(2009) relates to exemptions, concessions, or specific regulations for commercial vehicles used for business or professional purposes, it may indeed apply to new purchases of motor-cars used commercially. Such notifications are typically issued by the Ministry of Road Transport and Highways (MoRTH) or the respective State Transport Authorities.

To get a definitive answer regarding the applicability of Notification No. 10(2009) to your specific situation, it's advisable to refer directly to the text of the notification itself or consult with a legal or regulatory expert familiar with motor vehicle laws and notifications in India. They can provide you with detailed guidance based on the specific provisions and intent of the notification.

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