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Higher depreciation rates of 30% and 45% on motor vehicles purchased from 23.08.2019 to 31.03.2020., Income Tax

Issue Id: - 117458
Dated: 29-8-2021
By:- gvenugopal g

Higher depreciation rates of 30% and 45% on motor vehicles purchased from 23.08.2019 to 31.03.2020.


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Dear Experts,

Warms Greetings,

Higher depreciation rates of 30% (own Vehicles) and 45% (commercial Vehicles) on motor vehicles is purchased from 23.08.2019 to 31.03.2020.

We have taken higher depreciation on assets for the financial year 2019-20, whether the same higher rate is applicable to next financial year 2020-21 too for the WDV of the same vehicles?

Thanks & Regards: G VENUGOPAL

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