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.?

[Rama Krishana]

It is 50% - New commercial vehicle which is acquired on or after the 1st day of January, 2009 but before the 1st day of October, 2009 and is put to use before the 1st day of October, 2009 for the purposes of business or profession

[CA UMA KOTHARI]

General rate of 15% will be applicable. If purchased after 30.09.09 7.5% will be allowed. Additional depreciation on motor car is not allowable. By the way Mr.Ashutosh Chhawchharia, your query is not complete, it is vauge- which amended notification you are asking about, which car you have purchased, how the care is used, when the car was purchased and when it was put to use. I have gone through your profile, finding it incomplete, I saw that there is neither any article nor any reply/ view sent by you. What you have contributed to the discussion forum is generally incomplete queries. I hope you will try to ccontirubte more meaningfully in future to the discussion forum instead of simply seeking information. Sorry for friendly criticism- because unless one know the shortcomings, one cannot improve.

AI Summary

Depreciation rate for motor car varies by acquisition and use date; additional depreciation not allowed. Depreciation on motor cars varies by vehicle classification and timing: new commercial vehicles acquired on or after 1 January 2009 but before 1 October 2009 and put to use before 1 October 2009 qualify for an elevated rate; general motor car rates apply otherwise, with a reduced rate for purchases after 30 September 2009; additional depreciation for commercial vehicles is not available for motor cars.