https://www.taxtmi.com/forum/issue?id=4975 Tippers, vibrators and soil compactors used commercially and given on hire qualify as commercial vehicles and are eligible for the higher rate of depreciation. Where hire charges are received as business income, the assessee may claim the higher depreciation rate applicable to motor vehicles used for hire rather than the normal plant and machinery rate. en-us Fri, 23 Nov 2012 18:28:46 +0530 Thu, 23 Jan 2025 15:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4975 Tippers, vibrators and soil compactors used commercially and given on hire qualify as commercial vehicles and are eligible for the higher rate of depreciation. Where hire charges are received as business income, the assessee may claim the higher depreciation rate applicable to motor vehicles used for hire rather than the normal plant and machinery rate. Discussion-Forum Income Tax Fri, 23 Nov 2012 18:28:46 +0530 https://www.taxtmi.com/forum/issue?id=4975