TaxTMI 
TaxTMI 
What will be the rate of depreciation of Motor Car purchased after the amended notification on additional depreciation on Commercial Vehicle.?
Depreciation rate on motor car
28 Jan 2010 
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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. (AI Summary)
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. (AI Summary)