Depreciation:Tippers, Vibrator and Vibrator Soil Compactor Are ‘Commercial Vehicle’

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Depreciation is allowed u/s 32 of the Income Tax Act . The depreciation u/s 32 for vehicle are provided differently based on the condition whether such vehicle is commercial vehicle or not. A higher depreciation of 40 % is allowed to to a commercial vehicle .Proviso to section  32 of the Act would show that …