ELIGIBILITY OF INCOME TAX DEPRECIATION

As per Clause (iia) of Sec 32(1)...........Depreciation can be claimed on the machinery installed in the plant irrespective of the commencement of commercial production.

 Yes it can be claimed only when the asset is put to use..

depreciation acn be claim from the date on which such asset is put on use..... commercial production is irrelevant....

put to use is important ane not commercial production to claim dep.

kindly tell me the rate of depreciation on vehicles

Vehicles other than on hire 15%

Vehicles  on hire 30%