Amendment:
Extract of the notification is as follows –
Block of Assets | Depreciation allowed as per percentage of written down value |
“(2) (i) Motor cars, other than those used in a business of running them on hire, acquired or put to use on or after the 1st day of April, 1990 except those covered under entry (ii);(ii) Motor cars, other than those used in a business of running them on hire, acquired on or after the 23rd day of August, 2019 but before the 1st day of April, 2020 and is put to use before the 1st day of April, 2020. | 15 30”; |
“(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).(b) Motor buses, motor lorries and motor taxis used in abusiness of running them on hire, acquired on or after the 23rd day of August, 2019 but before the 1st day of April, 2020 and is put to use before the 1st day of April, 2020. | 30 45”. |
[Notification No. 69 /2019/ F.No. 370142/17/2019-TPL]