Income-tax (Eleventh Amendment) Rules, 2009 – Amendment in New Appendix 1

NOTIFICATION NO. 37/2009 [F.No.142/01/2009-TPL], DATED 21-4-2009

In exercise of the powers conferred by section 295 of the Income -tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules 1962. Namely:­–

1. (1) These rules may be called the Income-tax (Eleventh Amendment) Rules, 2009.

(2) They shall come into force with effect from the 1st day of April, 2010.

2. In the Income-tax Rules, 1962, in the Table to New Appendix 1, in Part-A relating TANGIBLE ASSETS, under the heading III, MACHINERY AND PLANT, in sub-item (via) of item (3), for the words and figures “1st day of April, 2009”, the words and figures “1st day of October, 2009” shall be substituted at both the places.

So rate of Depreciation for financial year 2009-100 on commercial Vehicles will be as follows:-

Product Depreciation rate

(if purchased between 01.04.2009 to 30.09.2009)

Depreciation rate

(if purchased after

30th September 2009)

Commercial Vehicle 50% 50% of 30%

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Category : Income Tax (25860)
Type : Notifications (15445) Notifications/Circulars (30842)

0 responses to “Notification No. 37/2009 – Income Tax Dated 21/4/2009”

  1. Niranjan Alpe says:

    I have propitiatory firm  of manufacturing electrical goods , I have purchased the  Hyundai I-10 car on 21.08.2009 , for my business purpose . Shall I claim 50% depreciation on this car 

  2. Jose Mathew says:

    Yes you will get the benefit of 50% depreciation provided the Tata 207 pick up might got registered as goods vehicle and put to use in the business.

  3. santosh dontulwar says:

    I have purchase light motor vehicle named tata 207 DI for carring goods on dt.17.09.09.could I claim depreciation @50% on my tata 207DI ?

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