{"id":219883,"date":"2019-09-23T14:00:47","date_gmt":"2019-09-23T08:30:47","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=219883"},"modified":"2019-09-23T15:47:15","modified_gmt":"2019-09-23T10:17:15","slug":"income-tax-9th-amendment-rules-2019-new-depreciation-rates-notified-on-vehicles-purchased-between-23-08-2019-to-31-03-2020","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/23\/income-tax-9th-amendment-rules-2019-new-depreciation-rates-notified-on-vehicles-purchased-between-23-08-2019-to-31-03-2020\/","title":{"rendered":"Income-tax (9th Amendment) Rules, 2019 | New depreciation rates notified on vehicles purchased between 23-08-2019 to 31-03-2020"},"content":{"rendered":"<div class=\"page\" title=\"Page 2\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p style=\"text-align: justify;\"><strong>G.S.R. 679 (E).\u2014<\/strong>In exercise of the powers conferred by Section 32 read with Section 295 of the Income-tax Act, 1961 (43 of 1961), the <strong>Central Board of Direct Taxes, hereby, makes the following rules to further amend the Income-tax Rules, 1962, namely:<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>1. Short title and commencement-<\/strong> (1) These rules may be called the <strong>Income-tax (9th Amendment) Rules, 2019.<\/strong><\/p>\n<p style=\"text-align: justify;\">(2) They shall be deemed to have come into force with effect from the 23rd day of August, 2019.<\/p>\n<p style=\"text-align: justify;\">2. In the Income-tax Rules, 1962, in the NEW APPENDIX I, in the Table, in PART A relating to TANGIBLE ASSETS, in item III relating to MACHINERY AND PLANT, &#8211;<\/p>\n<div class=\"page\" title=\"Page 3\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p style=\"text-align: justify;\">(a) for sub-item (2) and entries relating thereto, the following shall be substituted, namely:-<\/p>\n<table cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"top\">\n<p style=\"text-align: center;\"><span style=\"color: #000000; font-family: Times; font-size: large;\">Block of Assets <\/span><\/p>\n<\/td>\n<td valign=\"top\"><span style=\"color: #000000; font-family: Times; font-size: large;\">Depreciation allowed as per percentage of written down value <\/span><\/td>\n<td valign=\"top\"><\/td>\n<td valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p style=\"text-align: center;\" align=\"right\"><span style=\"color: #000000; font-family: Helvetica Neue; font-size: small;\">1<\/span><\/p>\n<\/td>\n<td valign=\"top\">\n<p style=\"text-align: center;\" align=\"right\"><span style=\"color: #000000; font-family: Helvetica Neue; font-size: small;\">2<\/span><\/p>\n<\/td>\n<td valign=\"top\"><\/td>\n<td valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000; font-family: Times; font-size: large;\">\u201c(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); <\/span><\/p>\n<p><span style=\"color: #000000; font-family: Times; font-size: large;\">(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 1<\/span><span style=\"color: #000000; font-family: Times; font-size: xx-small;\">st <\/span><span style=\"color: #000000; font-family: Times; font-size: large;\">day of April, 2020 and is put to use before the 1<\/span><span style=\"color: #000000; font-family: Times; font-size: xx-small;\">st <\/span><span style=\"color: #000000; font-family: Times; font-size: large;\">day of April, 2020. <\/span><\/td>\n<td valign=\"top\">\n<p style=\"text-align: center;\"><span style=\"color: #000000; font-family: Helvetica Neue; font-size: small;\">15<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000; font-family: Helvetica Neue; font-size: small;\">30\u201d; <\/span><\/p>\n<\/td>\n<td valign=\"top\"><\/td>\n<td valign=\"top\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<table cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"top\">\n<p style=\"text-align: center;\"><span style=\"color: #000000; font-family: Times; font-size: large;\">Block of Assets <\/span><\/p>\n<\/td>\n<td valign=\"top\"><span style=\"color: #000000; font-family: Times; font-size: large;\">Depreciation allowed as per percentage of written down value <\/span><\/td>\n<td valign=\"top\"><\/td>\n<td valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p style=\"text-align: center;\" align=\"right\"><span style=\"color: #000000; font-family: Helvetica Neue; font-size: small;\">1<\/span><\/p>\n<\/td>\n<td valign=\"top\">\n<p style=\"text-align: center;\" align=\"right\"><span style=\"color: #000000; font-family: Helvetica Neue; font-size: small;\">2<\/span><\/p>\n<\/td>\n<td valign=\"top\"><\/td>\n<td valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000; font-family: Times; font-size: large;\">\u201c(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). <\/span><\/p>\n<p><span style=\"color: #000000; font-family: Times; font-size: large;\">(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 1<\/span><span style=\"color: #000000; font-family: Times; font-size: xx-small;\">st <\/span><span style=\"color: #000000; font-family: Times; font-size: large;\">day of April, 2020 and is put to use before the 1<\/span><span style=\"color: #000000; font-family: Times; font-size: xx-small;\">st <\/span><span style=\"color: #000000; font-family: Times; font-size: large;\">day of April, 2020. <\/span><\/td>\n<td valign=\"top\">\n<p style=\"text-align: center;\"><span style=\"color: #000000; font-family: Helvetica Neue; font-size: small;\">30<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000; font-family: Helvetica Neue; font-size: small;\">45\u201d; <\/span><\/p>\n<\/td>\n<td valign=\"top\"><\/td>\n<td valign=\"top\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p><strong>Ministry of Finance<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Notification dt. 20-09-2019]<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>G.S.R. 679 (E).\u2014In exercise of the powers conferred by Section 32 read with Section 295 of the Income-tax Act, 1961 (43 of <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[37692,37693,8231],"class_list":["post-219883","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-rules_regulations","tag-depreciation-rates","tag-income-tax-9th-amendment-rules","tag-motor-vehicles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Income-tax (9th Amendment) Rules, 2019 | New depreciation rates 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Form Number 49AA related to PAN application for individual resident and non-resident applicants. G.S.R. 352(E).\u2014In\u00a0exercise of the powers conferred by Section 139A read with Section 295 of\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/taxguru.in\/wp-content\/uploads\/2018\/04\/Transgender-Option-in-form-49-and-49A.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxguru.in\/wp-content\/uploads\/2018\/04\/Transgender-Option-in-form-49-and-49A.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxguru.in\/wp-content\/uploads\/2018\/04\/Transgender-Option-in-form-49-and-49A.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":120331,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/04\/08\/cbdt-extends-time-to-submit-panform-no-60-to-banks\/","url_meta":{"origin":219883,"position":1},"title":"CBDT extends time to submit PAN\/Form No. 60 to banks","author":"Saba","date":"April 8, 2017","format":false,"excerpt":"G.S.R. 331(E).\u2014In\u00a0exercise of the powers conferred by Section 139A and Section 285BA, read with 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\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":271824,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/08\/18\/new-form-29d-for-application-by-a-person-under-s-239a-of-the-it-act-1961-introduced-vide-income-tax-26th-amendment-rules-2022\/","url_meta":{"origin":219883,"position":2},"title":"New Form 29D introduced for Application by a person under S. 239A of the IT Act, 1961 vide Income-tax (26th Amendment) Rules, 2022","author":"Bhumika Indulia","date":"August 18, 2022","format":false,"excerpt":"\u00a0 \u00a0 The Central Board of Direct Taxes has notified Income-tax (26th Amendment) Rules, 2022 to amend Income-tax Rules, 1962. The amendment inserts a new\u00a0 Rule 40G in the Income-tax Rules, 1962, relating to Refund Claim under Section 239-A has been inserted. It provides that a claim for refund under\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/CBDT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/CBDT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/CBDT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/CBDT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/CBDT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":178584,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/12\/27\/income-tax-25th-amendment-rules-2017-notified\/","url_meta":{"origin":219883,"position":3},"title":"Income Tax (25th Amendment) Rules, 2017 notified","author":"Saba","date":"December 27, 2017","format":false,"excerpt":"G.S.R.\u00a0\u00a0 1527(E).\u2014In exercise of the powers conferred by Section 282 read with Section 295 of the Income-tax \u00a0Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:\u2014 1.(1) \u00a0These rules may be called the Income \u2013tax\u2026","rel":"","context":"In &quot;Foreign Legislation&quot;","block_context":{"text":"Foreign Legislation","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/foreign\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":223709,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/","url_meta":{"origin":219883,"position":4},"title":"Income-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961","author":"Bhumika Indulia","date":"December 31, 2019","format":false,"excerpt":"G.S.R. 960(E).\u2014In exercise of the powers conferred by Section 269SU read with 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 Income-tax Rules, 1962, namely\u2014 Short title and commencement.\u2014(1) These rules may be called the\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85621,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/15\/the-income-tax-29th-amendment-rules-2016-notified\/","url_meta":{"origin":219883,"position":5},"title":"The Income Tax (29th Amendment) Rules, 2016, notified","author":"Saba","date":"November 15, 2016","format":false,"excerpt":"S.O. 3399(E).\u2014In exercise of the powers conferred by Section 32, Section 115BA and 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) These rules may be called\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/219883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=219883"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/219883\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=219883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=219883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=219883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}