Depreciation allowance in the case of "Motor Vans"-Rate of depreciation-Clarification regarding

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... "Motor Vans"-Rate of depreciation-Clarification regarding Circular No. 315 Dated 24/9/1981 To All Commissioners of Income-tax. Sir, Subject : Depreciation allowance in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , depreciation on "Motor Vans" may be allowed at the rate applicable to "Motor Lorries" and "Motor Buses" which is 30 per cent. as per item No. IIID(9) of Appendix I to the Income-tax Rules, 1962. 3 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X