depreciation rates applicable on motor car

Rate of Depreciation on Motor car is @ 15% annually as per Income Tax Act' 1961. If motor car is purchased during the year and put to use for less than180 days then rate of depreciation will be half i.e 7.5%  and accordingly can be claimed.

Are you taking about recent amendment in New Appendix-I vide Notification No.120/2009 dt.19-01-2009, whereby new entry is added namely (via) in heading III- MACHINARY AND PLANT in item (3) stating that “New Commercial vehicle which is acquired after 01-01-2009 but before 01-04-2009 and is put to use before 01-04-2009 for the purposes of business or profession, Rate of Depreciation is 50%.’? The said entry is for Commercial Vehicle means Heavy goods vehicles and not for Motor Car. Motor car is covered in item No. (2) in heading III. Hence, Normal Rate of depreciation on Motor Car is 15% only and if it is put to use for less than 180 days, it is 7.50%

motor car purchased on 01/02/2009 for business purpose. whether 50% dep can be claimed or as you explained above normal (15/2) 7.5% only can be claimed

I think only 7.5% only can be claimed. Right Ashok??

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Business Finance

wat is d rate of depreciation applicable on motor car purchased in 2008 and sell in the current year may month....?

Dear Harsha,

Please find the Depreciation rates specified under Income Tax Act,1961.

The Charts gives even the rates applicable  Before 2005-06 and after 2005-06.

Hope you got the data.

https://www.exploreincometax.com/Income-tax-Ready-Reckoners/depreciation-as-per-income-tax-act-1961