Additional Depreciation @15% on Motor Vehicles purchased 23.08.19 to 31.03.20

[gvenugopal g]

Dear Experts,

Kindly clarify the announcement made by FM on 23.08.19 for additional depreciation @15% available for any new Motor vehicles purchased in between 23-Aug-19 to 31-Mar-20 is implemented in Income tax through Notification?

[KASTURI SETHI]

Not issued so far.

AI Summary

Additional depreciation for new motor vehicles announced late last year remains unimplemented pending formal notification under income tax rules.
The operative issue is whether the announced additional depreciation for new motor vehicles has been implemented in the Income-tax law by a formal notification; the recorded reply states that no notification has been issued so far, leaving the concession unimplemented pending issuance.