Depreciation on motor vehicle (two wheeler)

This discussion explores whether a two-wheeler purchased after 23rd August 2019 is eligible for the 30% depreciation rate. It clarifies that this rate applies to motorbikes, scooters, and motorcycles, provided they aren't used for hire and meet specific acquisition and usage dates. The conversation also touches upon the definition of 'motor car' within income tax law versus the Motor Vehicles Act.