SC: Delhi HC Can Restrict Senior Advocate Designation to Its Own Retired Judges  ||  Supreme Court: ‘Himachal May Disappear’, Flags Environmental Crisis  ||  Delhi HC: Civil Courts Can Block Foreign Arbitration if it’s Oppressive  ||  Madras HC: No Political Symbols or Leader Photos in Welfare Ads  ||  Bombay HC: Fresh Corruption Trial Allowed After Valid Sanction  ||  Calcutta HC: Compromise Scheme Under Companies Act Overrides SARFAESI  ||  SC: Authority Imposing Minor Penalty Can Initiate Major Penalty Charges  ||  SC Slams HC for 2-Year Bail Delay, Calls for Sensitivity in Liberty Cases  ||  SC: Recalls Judgment in Bhushan Steel Case Citing Injustice Under Art. 142  ||  HP HC: No Detention Merely for Suspected Heroin in Blood    

CBDT Notifies New Depreciation Rates on Vehicles Purchased Between 23.08. 2019 to 31.03.2020 - (24 Sep 2019)

DIRECT TAXATION

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  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved