Can Car be claimed as a commercial vehicle for the purpose of claimimg depreciation in the IT Act @ 50% being purchsed betwwen jan '09 to oct '09. What does commercial vehicle mean?
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Depreciation
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No Motor car cannot be claimed as a commercial vehicle
Commercial Vehicle is something which is used in commercial purpose just like a tipper, lorry, though they have registration nos just like a vehicle they are mainly used in the production
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