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.
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


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. MCA Releases Corporate Mitra Scheme Guidelines 2026
  2. ICAI, ICSI, ICMAI & IIT Madras Join MCA's Corporate Mitra Scheme for MSME Growth
  3. Income Tax Department Enables Online Challan Correction Facility
  4. RBI Withdraws Obsolete FEMA Circulars to Simplify Foreign Exchange Regulatory Framework
  5. RBI Issues TReDS Directions 2026, Simplifies Framework for MSME Financing
  6. ICSI Urges Members to Update Contact Details Ahead of Election Process
  7. Finance Ministry Notifies Jan Vishwas Act Amendments for RBI, LIC, Insurance and PFRDA Laws from 23rd June 2026
  8. ICAI President Calls Yoga a Blueprint for Balanced Professional Life on Yoga Day 2026
  9. MCA Extends Name Reservation and E-Form Resubmission Deadlines Till July 10, 2026
  10. MCA Extends DPT-3 Filing Due Date: No Additional Fees Till 31st July 2026

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member tpksathyan narayanantpksathyan narayananPro Member Nagaratnam ChandrasekaranNagaratnam ChandrasekaranPro Member Ramesh JRamesh JPro Member Sunaram MarndiSunaram MarndiPro Member Rakesh ManerRakesh Maner
Subscribe to Pro
Join an elite circle of professionals


Browse by Category



Latest Job Openings

View all
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details