।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 20th September, 2019
(Income-tax)
G.S.R. 679 (E).—In exercise of the powers conferred by section 32 read with section 295 of the
Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules to
further amend the Income-tax Rules, 1962, namely:
1. Short title and commencement.- (1) These rules may be called the Income-tax (9th Amendment) Rules,
2019.
(2) They shall be deemed to have come into force with effect from the 23rd day of August, 2019.
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, -
¹Hkkx IIµ[k.M 3(i)]
Hkkjr dk jkti=k % vlk/kj.k
3
(a) for sub-item (2) and entries relating thereto, the following shall be substituted, namely:-
Block of Assets
Depreciation allowed as per percentage of
written down value
1
2
“(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);
(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.
15
30”;
(b) in sub-item (3), for paragraph (ii) and entries relating thereto, the following shall be substituted, namely:-
Block of Assets
Depreciation allowed as per percentage of
written down value
1
2
“(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).
(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.
30
45”.
[Notification No. 69 /2019/ F.No. 370142/17/2019-TPL]
SAURABH GUPTA, Under Secy. (Tax Policy & Legislation Division)
Explanatory Memorandum: It is certified that no person is being adversely affected by giving retrospective
effect to this notification.
Note : The principal rules were published in the Gazette of India vide notification number S.O. 969(E), dated
the 26th March, 1962 and last amended vide notification number G.S.R. 662(E) dated the
17th September, 2019.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
