purchase of two wheeler after 23-Aug-2019 is it eligible for 30% depreciation ??
or is that benefit only for motor cars ?
2 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 14 July 2020
30% depreciation allowed on Motor car, motor cycle, bike, scooter other than those used in a business of running them on hire, acquired on or after the 23rd day of August, 2019 but before the 1st day of April, 2020 and is put to use before the 1st day of April, 2020.
Mitesh M Doshi
(Intern)
(29 Points)
Replied 17 December 2020
Is motor car defined in income tax? or motor car as per motor vehicles act is to be considered?
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