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of <h1>Enhanced Depreciation Rate for New Commercial Vehicles Extended to October 1, 2009, per Income-tax Rules Amendment</h1> The Income-tax (Eleventh Amendment) Rules, 2009, amends the Income-tax Rules, 1962, specifically in the New Appendix 1 regarding tangible assets. The amendment extends the enhanced rate of depreciation on new commercial vehicles to those acquired and put to use before October 1, 2009. This change replaces the previous date of April 1, 2009, in the relevant section of the rules. The amendment will take effect from April 1, 2010, as per the notification issued by the Central Board of Direct Taxes under the authority of Section 295 of the Income-tax Act, 1961.
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