TaxTMI 
TaxTMI 
TaxTMI 
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?
Additional Depreciation @15% on Motor Vehicles purchased 23.08.19 to 31.03.20
gvenugopal g
Clarification Sought on 15% Depreciation for New Vehicles: No Official Income Tax Notification Issued Yet. A query was raised regarding the implementation of an additional 15% depreciation for new motor vehicles purchased between August 23, 2019, and March 31, 2020, as announced by the Finance Minister. The question sought clarification on whether this measure had been officially implemented through an Income Tax notification. The response indicated that, as of the date of the reply, no such notification had been issued. (AI Summary)