Extension of benefit of enhanced depreciation

Last updated: 27 April 2009

Extension of benefit of enhanced depreciation

Press Release No. 402/92/2006-MC (10 of 2009)

Dated 24-4-2009

The benefit of enhanced depreciation on commercial vehicles has been extended up to 30th September 2009. Now, commercial vehicles acquired on or after 1st January 2009 and put to use before the 1st October 2009 will be eligible for depreciation at the rate of 50 percent. The Central Board of Direct Taxes have issued a notification vide S.O. 989(E) dated 21st April 2009 (Notification No. 37/2009/F.No.142/01/2009-TPL) to this effect, substituting the words “1st day of April 2009” with the words “1st day of October 2009”.

Earlier, the benefit was made available for commercial vehicles acquired on or after 1st January 2009 and put to use before the 1st April 2009 vide a notification dated 19th January 2009.


Anjali

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :

Recent News :

  1. ICAI Handbook on NRI Residential Status: Key Tax & FEMA Rules Explained
  2. Congress Leader Alleges CAs Aid Tax Evasion, Sparks Debate Among Tax Professionals
  3. GST on Restaurant Bills: Chartered Accountant Explains How to Check GSTIN
  4. Income from Other Sources Under Income Tax Act 2025: Key Rules, Taxable Incomes and Deductions
  5. GSTN Enables Appeals for NIL or Zero Demand Orders on GST Portal
  6. NCLT Chennai Dismisses EY's Rs 3.11 Crore GST Fee Plea, Says ICAI May Examine Arrangement
  7. ESOP Taxation Under Income Tax Act 2025: Rules for Employees and Start-Up Workers
  8. Advance Ruling Under Income Tax Act 2025: Eligibility, Form 120, Fees and Procedure
  9. Corporate Mitra Course Begins with 2,879 Learners in First Batch
  10. FEMA Amendment 2026: Inventory-Based E-Commerce Now Allowed for Indian Goods Exports

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Krishnamohan GangarajuKrishnamohan GangarajuPro Member ABHISHEK AGRAWALABHISHEK AGRAWALPro Member Ankit MehtaAnkit MehtaPro Member Dinesh KotwaniDinesh KotwaniPro Member sumitsumit
Subscribe to Pro
Join an elite circle of professionals


Browse by Category



Latest Job Openings

View all
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details