( iii) Commercial vehicle which is acquired by the assessee on or after the 1st day of October, 1998, but before the 1st day of April, 1999 and is put to use for any period before the 1st day of April, 1999 for the purposes of business or profession in accordance with the third proviso to clause ( ii) of sub-section (1) of (b) Motor buses, motor lorries and motor taxis 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. ( 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). (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. ( 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) ( 1) Machinery and plant other than those covered by sub-items (2), (3) and (8) below : ( 4) Purely temporary erections such as wooden structuresįurniture and fittings including electrical fittings ( 3) Buildings acquired on or after the 1st day of September, 2002 for installing machinery and plant forming part of water supply project or water treatment system and which is put to use for the purpose of business of providing infra- structure facilities under clause ( i) of sub-section (4) of ( 2) Buildings other than those used mainly for residential purposes and not covered by sub-items (1) above and (3) below ( 1) Buildings which are used mainly for residential purposes except hotels and boarding houses AS APPLICABLE FROM THE ASSESSMENT YEAR 2003-04 ONWARDSĭepreciation allowance as percentage of written down value
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