Income-tax (9th Amendment) Rules, 2019 - Additional depreciation on motor cars and motor vehicles shall be allowed in certain conditions.

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....f the powers conferred by section 32 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules to further amend the Income-tax Rules, 1962, namely:- 1. Short title and commencement.- (1) These rules may be called the Income-tax (9th Amendment) Rules, 2019. (2) They shall be deemed to have come into force with effect f....

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....-item (3), for paragraph (ii) and entries relating thereto, the following shall be substituted, namely:- Block of Assets Depreciation allowed as per percentage of written down value 1 2 "(ii) (a) Motor buses, motor lorries and motor taxis used in a business of running them on hire other than those covered under entry (b). 30 (b) Motor buses, motor lorries and motor taxis used in a business ....