https://www.taxtmi.com/circulars?id=5039 Allowance of depreciation for motor vehicles owned and used by tour operators and travel agents for hire to tourists includes motor vans within the scope of the higher rate of depreciation under sub-item (2)(ii) of item III of Appendix I to the Income-tax Rules, 1962. A subsequent notification altered the applicable higher rate from the figure quoted in the earlier circular, and the earlier reference should be read as the revised rate set by that notification. en-us Mon, 06 Jan 1992 00:00:00 +0530 Fri, 08 Aug 2008 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5039 Allowance of depreciation for motor vehicles owned and used by tour operators and travel agents for hire to tourists includes motor vans within the scope of the higher rate of depreciation under sub-item (2)(ii) of item III of Appendix I to the Income-tax Rules, 1962. A subsequent notification altered the applicable higher rate from the figure quoted in the earlier circular, and the earlier reference should be read as the revised rate set by that notification. Circulars Income Tax Mon, 06 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5039