Depreciation rate on motor car

[Ashutosh Chhawchharia]

What will be the rate of depreciation of Motor Car purchased after the amended notification on additional depreciation on Commercial Vehicle.?

AI Summary

Depreciation Rate for 2009 Commercial Vehicles: 50% if Used by Oct 1, 2009; 15% for Others. A query was raised about the depreciation rate for a motor car purchased after a notification on additional depreciation for commercial vehicles. One response stated that a 50% depreciation rate applies to new commercial vehicles acquired between January 1 and October 1, 2009, if used for business before October 1, 2009. Another response indicated a general depreciation rate of 15%, reduced to 7.5% if purchased after September 30, 2009, with no additional depreciation for motor cars. The responder criticized the query for being incomplete and encouraged more meaningful contributions to the forum.