CBDT Notifies New Depreciation Rates on Vehicles Purchased Between 23.08. 2019 to 31.03.2020 - 24.09.2019

Central Board of Direct Taxes(CBDT) has notified new depreciation rates of 30% and 45% on vehicles purchased between 23.08.2019 to 31.03.2020. The rate of 30% applicable on motor cars other than those used in a business of running them on hire & 45% on vehicles used in a business of running them.

Tags : Central Board of Direct Taxes CBDT New Depreciation Rates

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