Rates of Depreciation As Per Income Tax Act, 1961, India

5/8/2017 RatesofDepreciationasPerIncomeTaxAct,1961
(http://taxguru.in/) IncomeTax(http://taxguru.in/category/incometax/) Articles(http://taxguru.in/type/articles/)
Trending(http://taxguru.in/type/trending/)
RatesofDepreciationasPerIncomeTaxAct,1961(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay
201011.html)
admin(http://taxguru.in/author/admin/) |IncomeTax(http://taxguru.in/category/incometax/) 08May2017(http://taxguru.in/2017/05/08/)

877,810Views
111comments(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html#pcomments)
(http://www.printfriendly.com)
ArticleprovidesRatesofDepreciationasperIncomeTaxAct,1961onBuilding,Plant&Machinery,Furniture&Fittings,Ships&on
IntangiblesAssetsi.e.Knowhow,patents,copyrights,trademarks,licences,franchisesoranyotherbusinessorcommercialrightsof
similarnatureforFinancialYear201718orAssessmentYear201819.ArticleisupdatedwithChangesmadebyFinanceAct,2017.
BlockofAssetsTheexpressionsAssetsandBlocksofAssetsw.e.f.141999shallmeanagroupofassetsfallingwithinaclassofassets
comprising:
a.TangibleAssetsbeingbuildings,machinery,plantorfurniture
b.IntangibleAssetsbeingknowhow,patents,copyrights,trademarks,licences,franchisesoranyotherbusinessorcommercialrightsofsimilar
natureinrespectofwhichsamepercentageofdepreciationsisprescribed.
Please note that Depreciation has been restricted for persons who opt of rate of taxation from 30% to 25% (section 115BA(4) to a
maximumof40%whereratespecifiedintheannexureis40%andmore.
AlsoRead
Ratesofdepreciationaspercompaniesact2013(http://taxguru.in/companylaw/ratesdepreciationcompaniesact2013.html)
Depreciation Rates as per Companies Act,1956 (http://taxguru.in/companylaw/ratesofdepreciationunderthecompaniesactas
mentionedinschedulexiv.html)
IncomeTaxDepreciationRateChartforFinancialYear201718/AssessmentYear201819
Blockofassets Depreciation
allowanceas
percentageof
writtendownvalue
AYs AY2006
2003 07
04to onwards
2005
06
1 2 3
PARTA
TANGIBLEASSETS
I.BUILDING[SeeNotes1to4belowtheTable]
(1)Buildingswhichareusedmainlyforresidentialpurposesexcepthotelsandboardinghouses 5 5
(2)Buildingsotherthanthoseusedmainlyforresidentialpurposesandnotcoveredbysubitems(1)aboveand(3)below 10 10
(3)Buildingsacquiredonorafterthe1stdayofSeptember,2002forinstallingmachineryandplantformingpartofwatersupplyproject 100 100

orwatertreatmentsystemandwhichisputtouseforthepurposeofbusinessofprovidinginfrastructurefacilitiesunderclause(i)of
subsection(4)ofsection80IA
(4)Purelytemporaryerectionssuchaswoodenstructures 100 100
http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html 1/25
II.FURNITUREANDFITTINGS
Furnitureandfittingsincludingelectricalfittings[SeeNote5belowtheTable] 15 10
III.MACHINERYANDPLANT
(1)Machineryandplantotherthanthosecoveredbysubitems(2),(3)and(8)below: 25c. 15c.
a.(2)Motorcars,otherthanthoseusedinabusinessofrunningthemonhire,acquiredorputtouseonorafterthe1stdayofApril,1990 20 15
(3)(i)AeroplanesAeroengines 40 40
b.(ii)Motorbuses,motorlorriesandmotortaxisusedinabusinessofrunningthemonhire 40 30
(iii)Commercialvehiclewhichisacquiredbytheassesseeonorafterthe1stdayofOctober,1998,butbeforethe1stdayofApril,1999 40 40
andisputtouseforanyperiodbeforethe1stdayofApril,1999forthepurposesofbusinessorprofessioninaccordancewiththethird
provisotoclause(ii)ofsubsection(1)ofsection32[SeeNote6belowtheTable]
(iv)Newcommercialvehiclewhichisacquiredonorafterthe1stdayofOctober,1998,butbeforethe1stdayofApril,1999in 60 60
replacementofcondemnedvehicleofover15yearsofageandisputtouseforanyperiodbeforethe1stdayofApril,1999forthe
purposesofbusinessorprofessioninaccordancewiththethirdprovisotoclause(ii)ofsubsection(1)ofsection32[SeeNote6below
theTable]
(v)Newcommercialvehiclewhichisacquiredonorafterthe1stdayofApril,1999butbeforethe1stdayofApril,2000inreplacement 60 60
ofcondemnedvehicleofover15yearsofageandisputtousebeforethe1stdayofApril,2000forthepurposesofbusinessor
professioninaccordancewiththesecondprovisotoclause(ii)ofsubsection(1)ofsection32[SeeNote6belowtheTable]
(vi)Newcommercialvehiclewhichisacquiredonorafterthe1stdayofApril,2001butbeforethe1stdayofApril,2002andisputto 50 50
usebeforethe1stdayofApril,2002forthepurposesofbusinessorprofession[SeeNote6belowtheTable]
(via)Newcommercialvehiclewhichisacquiredonorafterthe1stdayofJanuary,2009butbeforethe1stdayofOctober,2009andis 50
puttousebeforethe1stdayofOctober,2009forthepurposesofbusinessorprofession[Seeparagraph6oftheNotesbelowthis
Table]
d.(vii)Mouldsusedinrubberandplasticgoodsfactories 40 30
(viii)Airpollutioncontrolequipment,being
(a)Electrostaticprecipitationsystems

(b)Feltfiltersystems 100 100
(c)Dustcollectorsystems
(d)Scrubbercountercurrent/venturi/packedbed/cyclonicscrubbers
(e)Ashhandlingsystemandevacuationsystem
(ix)Waterpollutioncontrolequipment,being
(a)Mechanicalscreensystems

(b)Aerateddetrituschambers(includingaircompressor)

(c)Mechanicallyskimmedoilandgreaseremovalsystems

(d)Chemicalfeedsystemsandflashmixingequipment
100 100
(e)Mechanicalflocculatorsandmechanicalreactors
(f)Diffusedair/mechanicallyaeratedactivatedsludgesystems
(g)Aeratedlagoonsystems
(h)Biofilters
(i)Methanerecoveryanaerobicdigestersystems
(j)Airfloatationsystems
(k)Air/steamstrippingsystems
(l)UreaHydrolysissystems
(m)Marineoutfallsystems
(n)Centrifugefordewateringsludge
(o)Rotatingbiologicalcontractororbiodisc
(p)Ionexchangeresincolumn
(q)Activatedcarboncolumn
(x)(a)Solidwastecontrolequipmentsbeingcaustic/lime/chrome/mineral/cryoliterecoverysystems 100 100
(b)Solidwasterecyclingandresourcerecoverysystems
(xi)Machineryandplant,usedinsemiconductorindustrycoveringallintegratedcircuits(ICs)(excludinghybridintegratedcircuits) 40 30
rangingfromsmallscaleintegration(SSI)tolargescaleintegration/verylargescaleintegration(LSI/VLSI)asalsodiscretesemi
conductordevicessuchasdiodes,transistors,thyristors,triacs,etc.,otherthanthosecoveredbyentries(viii),(ix)and(x)ofthissub
itemandsubitem(8)below
(xia)Lifesavingmedicalequipment,being
(a)D.C.Defibrillatorsforinternaluseandpacemakers

(b)Haemodialysors

(c)Heartlungmachine

(d)CobaltTherapyUnit

(e)ColourDoppler

(f)SPECTGammaCamera
40 40
(g)VascularAngiographySystemincludingDigitalsubtractionAngiography
(h)Ventilatorusedwithanaesthesiaapparatus
(i)MagneticResonanceImagingSystem
(j)SurgicalLaser
(k)Ventilatorsotherthanthoseusedwithanaesthesia
(l)Gammaknife
(m)BoneMarrowTransplantEquipmentincludingsilasticlongstandingintravenouscathetersforchemotherapy
(n)FibreopticendoscopesincludingPaediatricresectoscope/auditresectoscope,Peritoneoscopes,Arthoscope,Microlaryngoscope,
FibreopticFlexibleNasalPharyngoBronchoscope,FibreopticFlexibleLaryngoBronchoscope,VideoLaryngoBronchoscopeandVideo
OesophagoGastroscope,Stroboscope,FibreopticFlexibleOesophagoGastroscope
(o)Laparoscope(singleincision)
(4)Containersmadeofglassorplasticusedasrefills 50 50
(5)Computersincludingcomputersoftware[Seenote7belowtheTable] 60 60
(6)Machineryandplant,usedinweaving,processingandgarmentsectoroftextileindustry,whichispurchasedunderTUFSonorafter 50 50
the1stdayofApril,2001butbeforethe1stdayofApril,2004andisputtousebeforethe1stdayofApril,2004[SeeNote8belowthe
Table]
(7)Machineryandplant,acquiredandinstalledonorafterthe1stdayofSeptember,2002inawatersupplyprojectorawater 100 100

treatmentsystemandwhichisputtouseforthepurposeofbusinessofprovidinginfrastructurefacilityunderclause(i)ofsubsection(4)
ofsection80IA[SeeNotes4and9belowtheTable]
(8)(i)Woodenpartsusedinartificialsilkmanufacturingmachinerye. 100 100
(ii)Cinematographfilmsbulbsofstudiolights 100 100
(iii)MatchfactoriesWoodenmatchframes 100 100
(iv)Minesandquarries:
(a)Tubs,windingropes,haulageropesandsandstowingpipes 100 100
(b)Safetylamps
(v)SaltworksSaltpans,reservoirsandcondensers,etc.,madeofearthy,sandyorclayeymaterialoranyothersimilarmaterial 100 100
(vi)FlourmillsRollers 80 80
(vii)IronandsteelindustryRollingmillrolls 80 80
(viii)SugarworksRollers 80 80
(ix)Energysavingdevices,being
A.Specialisedboilersandfurnaces:
(a)Ignifluid/fluidizedbedboilers

(b)Flamelessfurnacesandcontinuouspushertypefurnaces 80 80
(c)Fluidizedbedtypeheattreatmentfurnaces
(d)Highefficiencyboilers(thermalefficiencyhigherthan75percentincaseofcoalfiredand80percentincaseofoil/gasfiredboilers)
B.Instrumentationandmonitoringsystemformonitoringenergyflows:
(a)Automaticelectricalloadmonitoringsystems

(b)Digitalheatlossmeters
80 80
(c)Microprocessorbasedcontrolsystems
(d)Infraredthermography
(e)Metersformeasuringheatlosses,furnaceoilflow,steamflow,electricenergyandpowerfactormeters
(f)Maximumdemandindicatorandclamponpowermeters
(g)Exhaustgasesanalyser
(h)Fueloilpumptestbench
C.Wasteheatrecoveryequipment:
(a)Economisersandfeedwaterheaters
80 80
(b)Recuperatorsandairpreheaters

(c)Heatpumps
(d)Thermalenergywheelforhighandlowtemperaturewasteheatrecovery
D.Cogenerationsystems:
(a)Backpressurepassout,controlledextraction,extractioncumcondensingturbinesforcogenerationalongwithpressureboilers 80 80

(b)Vapourabsorptionrefrigerationsystems
(c)Organicrankinecyclepowersystems
(d)Lowinletpressuresmallsteamturbines
E.Electricalequipment:
(a)Shuntcapacitorsandsynchronouscondensersystems

(b)Automaticpowercutoffdevices(relays)mountedonindividualmotors

(c)Automaticvoltagecontroller

(d)PowerfactorcontrollerforACmotors

(e)Solidstatedevicesforcontrollingmotorspeeds 80 80
(f)Thermallyenergyefficientstenters(whichrequire800orlesskilocaloriesofheattoevaporateonekilogramofwater)
(g)Seriescompensationequipment
(h)FlexibleACTransmission(FACT)devicesThyristorcontrolledseriescompensationequipment
(i)TimeofDay(ToD)energymeters
(j)EquipmenttoestablishtransmissionhighwaysforNationalPowerGridtofacilitatetransferofsurpluspowerofoneregiontothe
deficientregion
(k)Remoteterminalunits/intelligentelectronicdevices,computerhardware/software,router/bridges,otherrequiredequipmentand
associatedcommunicationsystemsforsupervisorycontrolanddataacquisitionsystems,energymanagementsystemsanddistribution
managementsystemsforpowertransmissionsystems
(l)SpecialenergymetersforAvailabilityBasedTariff(ABT)
F.Burners:
(a)0to10percentexcessairburners
80 80
(b)Emulsionburners
(c)Burnersusingairwithhighpreheattemperature(above300C)
G.Otherequipment:
(a)Wetairoxidationequipmentforrecoveryofchemicalsandheat

(b)Mechanicalvapourrecompressors
80
(c)Thinfilmevaporators 80
(d)Automaticmicroprocessorbasedloaddemandcontrollers
(e)Coalbasedproducergasplants
(f)Fluiddrivesandfluidcouplings
(g)Turbocharges/supercharges
(h)Sealedradiationsourcesforradiationprocessingplants
f.(x)Gascylindersincludingvalvesandregulators 80 60
(xi)GlassmanufacturingconcernsDirectfireglassmeltingfurnaces 80 60
g.(xii)Mineraloilconcerns:
(a)Plantusedinfieldoperations(aboveground)distributionReturnablepackages
80 60
(b)Plantusedinfieldoperations(belowground),butnotincludingkerbsidepumpsincludingundergroundtanksandfittingsusedinfield
operations(distribution)bymineraloilconcerns
(xiii)Renewalenergydevicesbeing
(a)Flatplatesolarcollectors

(b)Concentratingandpipetypesolarcollectors

(c)Solarcookers

(d)Solarwaterheatersandsystems

(e)Air/gas/fluidheatingsystems

(f)Solarcropdriersandsystems

(g)Solarrefrigeration,coldstoragesandairconditioningsystems 80 80
(h)Solarsteelsanddesalinationsystems
(i)Solarpowergeneratingsystems
(j)Solarpumpsbasedonsolarthermalandsolarphotovoltaicconversion
(k)Solarphotovoltaicmodulesandpanelsforwaterpumpingandotherapplications
(l)WindmillsandanyspeciallydesigneddeviceswhichrunonwindmillsinstalledonorbeforeMarch31,2012
(m)AnyspecialdevicesincludingelectricgeneratorsandpumpsrunningonwindenergyinstalledonorbeforeMarch31,2012
(n)Biogasplantandbiogasengines
(o)Electricallyoperatedvehiclesincludingbatterypoweredorfuelcellpoweredvehicles
(p)Agriculturalandmunicipalwasteconversiondevicesproducingenergy
(q)Equipmentforutilisingoceanwasteandthermalenergy
(r)Machineryandplantusedinthemanufactureofanyoftheabovesubitems
(9)(i)Booksownedbyassesseescarryingonaprofession
(a)Books,beingannualpublications 100 100
(b)Books,otherthanthosecoveredbyentry(a)above 60 60
(ii)Booksownedbyassesseescarryingonbusinessinrunninglendinglibraries 100 100
IV.SHIPS
(1)Oceangoingshipsincludingdredgers,tugs,barges,surveylaunchesandothersimilarshipsusedmainlyfordredgingpurposesand 25 20
fishingvesselswithwoodenhull
(2)Vesselsordinarilyoperatingoninlandwaters,notcoveredbysubitem(3)below 25 20
(3)Vesselsordinarilyoperatingoninlandwatersbeingspeedboats[SeeNote10belowtheTable] 25 20
PARTB
INTANGIBLEASSETS
Knowhow,patents,copyrights,trademarks,licences,franchisesoranyotherbusinessorcommercialrightsofsimilarnature 25 25
Notes
a.JeepsareclassifiableasmotorcarsCromptonEngg.Co.(Madras)Ltd.v.CIT[1992]193ITR483(Mad.)/CAITv.GoodHopeEnterprises
[1992]197ITR236(Ker.).
b.Trucksprimarilyusedforassesseesownbusinessandoccasionallyletoutonhirewillnotfallunderthisentryunlessassesseecarriesona
business of running them on hireCIT v. Manjeet Stone Co. [1991] 190 ITR 183 (Raj.) Vehicles plying between fixed points for carriage of
passengersfallunderthisentryITOv.SarojiniTransports(P.)Ltd.[1986]17ITD1014(Mad.)Mobilecranemountedonalorryfallsunderthis
entryGujcoCarriersv.CIT[2002]122Taxman206(Guj.)RigsandCompressorsmountedonalorrydonotfallunderthisitemCITv.Popular
BorewellService[1992]194ITR12(Mad.)MotorvansareakintomotorlorriesormotorbusesCircularNo.609,dated2971991/CITv.Kodak
Ltd.[1990]181ITR275(Bom.)AmbulancevanfallsunderthisentryCITv.Dr.K.R.Jayachandran[1995]212ITR637(Ker.)Airconditioned
vehiclesfallunderthisentryCITv.UrmilaGoel[1986]52CTR(Delhi)276.
c.40percentifconditionsofrule5(2)aresatisfied.
d.CompanymanufacturinginsulatedwiresandcablesisnotcoveredunderthisentryCITv.FalconWires(P.)Ltd.[1980]123ITR427(Mad.).
e.Machineryusedfordyeing,bleachingandprintingofclothmanufacturedbysomeotherpersonwillnotfallunderthisitemCITv.Jaypee
DyeingHouse[1999]239ITR418(Bom.).
Applicablefromtheassessmentyear200405.
f.Merefactthatassesseesoldsomecylindersduringthepreviousyearwillnotconvertthecylindersintostockintrade.Thecylindersmustbe
capableofcontaininggas,andthereisnorequirementthatthecylindersmustbefilledwithgasChawlaArchitects&Consultants(P.)Ltd.v.
Asstt.CIT[1995]54ITD330(Bom.).
g. Petroleum company distributing gas for cooking purpose is a mineral oil concernCITv.Burmah Shell Oil Storage & Distribution Co. of
IndiaLtd.[1978]115ITR891(Cal.)VegetableoilisnotamineraloilCITv.DistillersTradingCorporationLtd.[1982]137ITR894(Delhi).
OtherNotes:
1.Buildingsincluderoads,bridges,culverts,wellsandtubewells.
2.Abuildingshallbedeemedtobeabuildingusedmainlyforresidentialpurposes,ifthebuiltupfloorareathereofusedforresidentialpurposes
isnotlessthansixtysixandtwothirdpercentofitstotalbuiltupfloorareaandshallincludeanysuchbuildinginthefactorypremises.
3.InrespectofanystructureorworkbywayofrenovationorimprovementinorinrelationtoabuildingreferredtoinExplanation1ofclause(ii)
ofsubsection(1)ofsection32,thepercentagetobeappliedwillbethepercentagespecifiedagainstsubitem(1)or(2)ofitemIasmaybe
appropriatetotheclassofbuildinginorinrelationtowhichtherenovationorimprovementiseffected.Wherethestructureisconstructedorthe
workisdonebywayofextensionofanysuchbuilding,thepercentagetobeappliedwouldbesuchpercentageaswouldbeappropriate,asifthe
structureorworkconstitutedaseparatebuilding.
4.Watertreatmentsystemincludessystemfordesalination,demineralisationandpurificationofwater.
5.Electricalfittingsincludeelectricalwiring,switches,sockets,otherfittingsandfans,etc.
6. Commercial vehicle means heavy goods vehicle, heavy passenger motor vehicle, light motor vehicle, medium goods vehicle and
medium passenger motor vehicle but does not include maxicab, motorcab, tractor and roadroller. The expressions heavy goods
vehicle,heavypassengermotorvehicle,lightmotorvehicle,mediumgoodsvehicle,mediumpassengermotorvehicle,maxicab,motor
cab, tractor and roadroller shall have the meanings respectively as assigned to them in section 2 of the Motor Vehicles Act, 1988 (59 of
1988).
7.Computersoftwaremeansanycomputerprogrammerecordedonanydisc,tape,perforatedmediaorotherinformationstoragedevice.
8.TUFSmeansTechnologyUpgradationFundSchemeannouncedbytheGovernmentofIndiaintheformofaResolutionoftheMinistryof
TextilesvideNo.28/1/99CTIof3131999.
9.Machineryandplantincludespipesneededfordeliveryfromthesourceofsupplyofrawwatertotheplantandfromtheplanttothestorage
facility.
10.Speedboatmeansamotorboatdrivenbyahighspeedinternalcombustionenginecapableofpropellingtheboatataspeedexceeding24
kilometersperhourinstillwaterandsodesignedthatwhenrunningataspeed,itwillplane,i.e.,itsbowwillrisefromthewater.
11.Whereanassetisputtouseforlessthan180daysinapreviousyearinwhichitispurchased,depreciationthereonshallbeallowedat50%
ofthedepreciationallowableinrespectoftheblockofassetcomprisingsuchasset.
12.Planthasbeenheldtoinclude:
movablepartitions[Jarroldvs.JohnGood&SonsLtd.,40TC681(CA)]
sanitary&pipelinefitting[CITvs.TajMahalHotel,82ITR44(SC)]
ceilingandpedestalfans[CITvs.JagadeesChandran&Co.,75ITR697(Mad.)SundaramMotorsPvt.Ltd.vs.CIT,71ITR587(Mad.)
CITvs.TarunCommercialLtd.,151ITR75(Guj)].
wells[CITvs.WarnerHindustanLtd.,117ITR15(AP)].
hospital [CIT vs. Dr. B. Venkata Rao 111 Taxman 635 (SC)]. However, w.e.f. A.Y. 200405, it shall not include buildings, furniture and
fittings.
13.Depreciationonassetsacquiredonhirepurchasebasisshouldbeallowedtothehirerwherethetermsoftheagreementprovidethatthe
equipmentshalleventuallybecomethepropertyofthehirerorconferonthehireranoptiontopurchasetheequipment[CircularNo.9(R.Dis.
No.27(4)IT/43),dated2331943].
14.DepreciationinrespectofmotorcarmanufacturedoutsideIndiaacquiredonorafter2821975orbefore142001shallbeallowed.
15.Theclaimofdepreciationismandatoryw.e.f.A.Y.200203overridingSupremeCourtsdecisioninCITvs.MahendraMills109Taxman225
whichheldthatthedepreciationclaimisoptional.
16. Total depreciation allowable in the year of succession/ amalgamation/demerger, to predecessor/amalgamating/ demerged co. and
successor/amalgamated/resultingco.istoberestrictedtodepreciationallowableasifsuccession/amalgamation/demergerhadnottakenplace,
andsuchdepreciationistobeapportionedonthebasisofnumberofdaysusagebyeachofthem.
17.Depreciationisallowableevenonjointlyownedassets.
18. Additional Depreciation @ 20% of actual cost of new machinery or plant (other than ships and aircrafts) acquired and installed after 31st
March,2005byanassesseeengagedinthebusinessofmanufactureorproductionofanarticleorthingshallbeallowedonsatisfyingcertain
conditions.
19.Noamortisationbenefitsu/s.35Aand35ABcanbeclaimedinrespectofintangibleassets.
20.Inrespectofdepreciableassetsemployedinpowerprojects,depreciationmaybecomputedundertheStraightLineMethodonindividual
assets[Rule5(1A)][AppendixIA].Alternatively,theundertaking,mayatitsoption,alsoclaimdepreciationatthenormalrates(Rule5(1)
Appendix I), subject to the option being exercised prior to the due date of filing the return of income. In the event of sale or disposal of such
assets,ifthesaleconsideration.
islessthanWDVofsuchassetsBalance(i.e.,WDVsaleconsideration)canbeclaimedasdepreciation,providedthatsuchadeficiency
iswrittenoffinthebooks.
isinexcessoftheWDVExcess(totheextentofthedifferencebetweenactualcostandWDVwillbetaxableasBusinessprofitandthe
balanceasCapitalGains)
Depreciationratesforpowergeneratingunits
(applicablefromtheassessmentyear199899
Classofassets Depreciation allowance as percentage

ofactualcost
(a)PlantandMachineryingeneratingstationsincludingplantfoundations:
(i)Hydroelectric 3.4
(ii)SteamelectricNHRS&WasteheatrecoveryBoilers/plants 7.84
(iii)DieselelectricandGasplant 8.24
(b)Coolingtowersandcirculatingwatersystems 7.84
(c)HydraulicworksformingpartofHydroelectricsystemincluding:
(i)Dams,spillwaysweirs,canals,reinforcedconcreteflumesandsyphons 1.95
(ii)Reinforcedconcretepipelinesandsurgetankssteelpipelines,sluicegates,steelsurge(tanks),hydrauliccontrol 3.4
valvesandotherhydraulicworks.
(d)Buildingandcivilengineeringworksofpermanentcharacter,notmentionedabove
(i)Office&showrooms 3.02
(ii)ContainingThermoelectricgeneratingplant 7.84
(iii)ContainingHydroelectricgeneratingplant 3.4
(iv)Temporaryerectionsuchaswoodenstructures 33.4
(v)RoadsotherthanKutcharoads 3.02
(vi)Others 3.02
(e)Transformers,transformer(Kiosk)substationequipment&otherfixedapparatus(includingplantfoundations)
(i)Transformers(includingfoundations)havingaratingof100kilovoltamperesandover 7.81
(ii)Others 7.84
(f)Switchgearincludingcableconnections 7.84
(g)Lightningarrestor:
(i)Stationtype 7.84
(ii)Poletype 12.77
(iii)Synchronouscondenser 5.27
(h)Batteries 33.4
(i)Undergroundcableincludingjointboxesanddisconnectionedboxes 5.27
(ii)Cableductsystem 3.02
(i)Overheadlinesincludingsupports:
(i)Linesonfabricatedsteeloperatingatnominalvoltageshigherthan66kilovolts 5.27
(ii)Linesonsteelsupportsoperatingatnominalvoltageshigherthan13.2kilovoltsbutnotexceeding66kilovolts 7.84
(iii)Linesonsteelorreinforcedconcretesupports 7.84
(iv)Linesontreatedwoodsupports 7.84
(j)Meters 12.77
(k)Selfpropelledvehicles 33.40
(l)Airconditioningplants:
(i)Static 12.77
(ii)Portable 33.40
(m)(i)Officefurnitureandfittings 12.77
(ii)Officeequipments 12.77
(iii)Internalwiringincludingfittingsandapparatus 12.77
(iv)Streetlightfittings 12.77
(n)Apparatusletonhire
(i)Otherthanmotors 33.4
(ii)Motors 12.77
(o)Communicationequipment:
(i)Radioandhighfrequencycarriersystem 12.77
(ii)Telephonelinesandtelephones 12.77
(p)Anyotherassetsnotcoveredabove 7.69
(Articleupdatedon08.05.2017)
MoreUnderIncomeTax(http://taxguru.in/category/incometax/)
RatesofDepreciationasPerIncomeTaxAct,1961(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html)
CountrywiseWithholdingtaxrates/ChartasperDTAA(http://taxguru.in/incometax/countrywisewithholdingtaxrateschartdtaa.html)
MobilizationadvancescannotbetreatedasLoans&AdvancesandnotsubjecttoTP(http://taxguru.in/incometax/mobilizationadvancestreatedloans
advancessubjecttp.html)
ConceptofNGOandIncomeTaxProvisions(http://taxguru.in/incometax/conceptngoincometaxprovisions.html)
ChangeinValuationMethodofShareSec.50CA/56(2):IsitreallyaBigMess!(http://taxguru.in/incometax/changevaluationmethodsharesec50ca562
bigmess.html)
PostedUnder
Category:IncomeTax(http://taxguru.in/category/incometax/)(24409)
Type:Articles(http://taxguru.in/type/articles/)(12682)Trending(http://taxguru.in/type/trending/)(98)
Tags:incometaxact(http://taxguru.in/tag/incometaxact/)(494)RateChart(http://taxguru.in/tag/ratechart/)(55)section32(http://taxguru.in/tag/section
32/)(117)
PreviousArticle(http://taxguru.in/companylaw/ratesdepreciationcompaniesact2013.html)
111responsestoRatesofDepreciationasPerIncomeTaxAct,1961
1.Manjunatha.N.Esays:
January25,2017at11:10am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1942079)
Sir,canfurnitureandfixturesbetreatedasplantandmachinery,inLodges.SinceinternalambiencewithoutqualityfurnitureandfixturescannotrunLodge
businessmoreprofitably.Pleaseadvice.
Reply(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html?replytocom=1942079#respond)
2.Drrajkrsinghsays:
December15,2016at9:16pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1924943)
Wanttopurchaseaphacomachineformywifeworth12.5lacs.withausefullifeof5years.afterwhichitsvaluewillbezero.kindlyletmeknowthedepreciation
benefit.thanks
3.S.Chandrasekaransays:
November22,2016at4:38pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1905737)
EligibledepreciationrateasperincometaxactforHydraulicExcavatorrunningonHire
4.RavikantMahrshisays:
September17,2016at2:24pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment10763)
Sir,
Iamcivilcontractor.Inworksweusedsomanyhandtools&machine(weldingset,shutteringsheets,vibratingmachineetc.,pleaseletmeknowtherateof
depreciation.
5.AbhishekAgarwalsays:
June23,2016at9:40pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment9498)
cananyonetellmewhatistherateofdepreciationonblockcuttermachineusedinmarblefactories
6.sanjeevsays:
June13,2016at11:03am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment9220)
ForInsurancepurposethereinstatementcostofplanttobeconsideredinsteadofpurchasecost/historicalpricetoavoidcashlossesduringthemajorclaim
7.VinayMangrulkarsays:
wehaveabituminousplantpurchasedtwoyearsbackworth200lakhs.pleaseguidemehowtocalculatecurrentnetworthforinsurancepurpose.itwas
purchasedinoctober2012.
8.anjusharmasays:
therateofdepreciationwillbe15%undertheheadofficeequipment.
9.chetanshahsays:
January14,2016at1:32pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1883087)
SIR
Wehavepurchasedanewofficewhoseconstructioncompletedandhandoverreceivedinseptember2015,wehavestartedfurnitureandotherworkand
wouldbemovingbyFebruary.Pleaseadvisewhatareconditionsrequiredtobefulfilledforclaimingdepreciationonsuchoffice..doweneedtohaveit
mentionedonlicenseorlikebeforewecanclaimdepreciation?
10.hehahasays:
hehaha
11.KANHAIYASINGHsays:
August17,2015at7:01pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1798340)
Sir,
IhavepurchasedComputer&Printerason24thOct,2014thenhowtocalculatedepreciationratesoftheFY20142015
Pleasehelp
itstoourgent
12.sunilsharmasays:
sir
wehavepurchasedammoniagascylinderinthef.y20122013.plsadvicemedepreciationrateofthesame
13.seenappaMsays:
August4,2015at11:40am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1779054)
sirpleaseadvicemewhichamounttobeconsiderforsaleoffixedassets(shellweconsiderpurchasevalue,writtenvalue,orrealizationvalue)
pleasesuggestme
thankingyour
SeenappaM
14.Ramprajapatsays:
Wehavepurchasedfiresaftyequipmentinwhichheaditwillbecoveredandwhatshallberateofdepreciation..forITPurpose
15.Hiteshsays:
July15,2015at11:02am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1755792)
Pleaseletmeknowaboutrateofdepreciationforairconditionerusedinoffice,willitcoveredunderplantandmachineryorfurniture.
KRISHNANSsays:
Plsletmeknowthedepreciationrateforairconditioner
16.Dilipsays:
ihavepurchasescctvcamerasystemin16thMay2014.so,howtocalculatedepreciationonthefy201415.plhelp.
regards,
Dilip
17.Pragatisays:
Sir,
Plsletmeknowrateofdepreciationapplicableonprinters.
18.PriteshAgrawalsays:
May26,2015at2:39pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1693548)
ThanksYourusefulinformation
butmyquestiononeofmyclientlast4yearshewasgivenTruckDepreciation15%not30%sowhatspositionifcaseofcaseScrutiny.
19.rajashreesays:
caniknwdedepreciationrateforTelevision?????asperIncometaxact
20.ArpanNayaksays:
Wehaverecentlypurchased7CCTVCamerasinourofficepremisesforthesecuritypurpose.ThewholesetconsistsofLEDMonitor,Sensorthatstoresallthe
footages,Mouseetc.
NowwhatisconfusingiswhethertheCCTVshouldbetreatedunderblockofComputers(60%),Plant&Machinery(15%)orFurniture&ElectricalFittings
(10%)?
Pleaseadviseaptly.Iunderstandthattherecanbevariousperceptiveopinionsregardingthesameissue.
21.AMALAsays:
Gottheideaaboutdepreciationrates.Thankutaxguru
22.mrudulasays:
April13,2015at8:24am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1629593)
whatisdepreciationratefortelevision
23.anilthakursays:
March7,2015at11:31pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1580817)
siriamdoingthebusinessofgascylinderrefillingandchargetherateofdepreciation@60%oncylinder.thecasewasselectinincometaxdepartmentfor
higher%ofdepreciation.inthissituationhowtohandlethecaseandprovidemecaselaw
24.SubhajitNahaRoysays:
PleasesuggestmetheprocedureforcalculatingdepreciationinthebooksofIndividuals.Pleasereplyasearlyaspossible.
25.Sumitsays:
whatistherateofdepreciationofspycamerapurchasedbyourcompany?isthisafixedasset.andwhy?Pleasesolvemyquery.
26.SKRATHIsays:
Iamaseniorcitizen.Iamplanningtobuyanewcarformypersonaluse.Ihavealittleanincomefromsalaryand&interestincome.Amientitledtoclaim
depractiononthecarundertheincometaxact.Pleaseadvicemeassoonaspossible.
Thanks
27.vinodjainsays:
Reqinformationfortaxbenefitonsolarpowerproject,i.egenerationandstreetlightsystem,
28.auditsays:
whetherairconditionersshouldbecapitalisedunderofficeeuipmentsorplant&machinery.
29.varshasays:
heyy
30.Atulsays:
WearebuyingLEDlightsforourplant.WhatisthedepreciationrateforLED?
underwhichclauseofIncometax?
31.kavitametisays:
October21,2014at5:32pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1257811)
Sir,
pleasesendmethedepreciationrateasperincometaxactandcompaniesActinexcelformat.
32.ARPITHAsays:
willchargeof100%depreciationonwoodenpartitionutilizedinacliniccanbeallowablestatemewithcasestudy
33.SreehariKNsays:
Sir,
Willfireandsafetyequipmentscomeundergeneralrateofdepreciation,bothunderIncometaxandCompaniesact
Pleasereply
34.rahulsays:
whatisthedepreciationrateforCCTVCamerasasperITact.?
Andinwhichblockdoesitcomesunder..?
35.chandrashekharhmavintopsays:
July25,2014at10:48am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1019764)
Ihavepurchasedplantandmachineryabouttwoyearsago.Buttheplantandmachineryisonlyutilisedforaperiodof4weekslessthan180days.Pleaselet
meknowwhetheranydepreciationiseligiblefortheplantandmachinerywhichisutilisedforonly4weeksanditispracticallynew,
36.RajeshKumarsays:
DearSir,
ifwepurchasecomputeron21.03.2014howmuchdepreciationchargeonitasperincometaxact.because60%depreciationchargesifweusedmorethan
180days.
thanks
37.D.nagabhushansays:
Sir,
Pleaseletmeknowwhethersportsitemslikebatsandballsetc.canbeclassifiedunderassetsaccountanddepreciationcanbecalculated.
38.SureshDashsays:
DearSir,pleasetellmewhatistherateofdepreciationofhydraulicexcavatorcrawlermountedengagedonhirebasis.Theexcavatornotrequiredregistration
fromRTO.THisisheavyearthmovingequipmentengagedinconstruction..
Withregards.
SureshDash.
MobileNo.+918584020999
39.SaurabhVermasays:
IsamortizationofleaserightsofleaseholdlandallowedinIncomeTaxAct(ITAct)?
ifyes,howwillbeshowthedifferenceinWDVasperROCandasperITActinthecomputationofdeferredtaxasset/Liability.Becausewecannotshowthe
sameintheDepreciationchartofITActasthereisnospecificrategivenforthesameandITRVIwillnottakethis.
pleasesuggestme
thanks&Regards,
SaurabhVerma
CAFinalStudent
40.CHHAVIRAIsays:
PLEASSUGGESTTHERATEOFDEPRICIATIONONXEROXMACHINEUSEDFOROFFICIALPURPOSE.
Thanks&Regards
41.SandeepJhasays:
Sir,
Kindlysendmethedateandnotificationno.forchangedtherateofdepreciationonContainersmadeofglassorplasticusedasrefillsfrom100%to50%.
42.MITHUNBEHERAsays:
RateofDepreciationonLabrotaryequipmentofaresidentialeducationalinstitution.
Pleasesentmetheansweroftheabovequestionquickly,becausenowIamgoingtofinalizetheaccountsofacollege.
Thanks
43.Poojachakavesays:
July29,2013at12:05pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment628995)
whatisdepriciationrateoftheCCTVcamera?
44.MANANsays:
rateofdepreciationformobile?
45.sudhirkamblesays:
plsmailmetherateofdep.onxeroxmachine
46.DeepakBishtsays:
April30,2013at4:53pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment601720)
ipurchaseacarrs.15lacforyear20122013.soplsechargeofDep.?
47.Amarsays:
Ipurchasedsolarsystemforelectricityatmybuildingsoiwanttoknowthatwhatichargedepreciationonthatequipmentandwhatisthetaxbenifitonthat.
48.somusays:
ihavepurchasedcarhowtoclaimdepreciationandhowmanypercentage
49.lalitmodisays:
HOWDECIDETHATRATEOFDEPRICIATIONON
XRAYROOM
HOSPITAL
MULTIPLEXCINEMAHALL
SINGLESCREENCINEMAHALL
WHATWEINCLUDEDABOVEINPLANTORBUILDING?
50.JayParikhsays:
February20,2013at11:01am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment571328)
Carpurchasedon1stJanuary.CostisRs.421921/.Plsinfamountofdepreciation.
51.RanjitPatrasays:
January8,2013at11:41am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment558952)
Iwouldliketoknowacompanyhavingplanforsettingupagridintractive(5MW)solarpowerprojectinFY1314,whethertheywillbeelligibleforaccelerated
depriciationifsowhatistherate%andthisisavailableunderwhichactofIncomeTax.
Iwillbehappyifanybodycanprovidemeanynotificationcopyontheabove.
52.Preethi.Vsays:
IhadaQuestionforyou.Whatistherateofdepreciationforageneratorpurchasedbefore30.09.2012byanoncorporateassessee?
53.Preethi.Vsays:
IHadAquestionforYou.Whatistherateofdepreciationforthegeneratorpurchasedbefore30/09/2012byaNoncorporateassesee?
54.DhavalNathwanisays:
HelloSir,
WehavegotthenotificationfromIncomeTaxregardingWindMillInstallation,Stating
CBDThasamendedtheincometaxrulestorestrictthedepreciationallowedonwindmillsinstalledafter1April,2012to15%.Thiswas80%forthewindmills
installedonorbefore31stMarch,2012.
MyquestionisIfyouseetheabovestatementitiscontradictoryinfirststatementtheyaresayingwindmillInstalledafter1April,2012to15%andinnext
statementtheyaresaying,Thiswas80%forthewindmillsinstalledonorbefore31stMarch,2012.
SoSirforouraccountingpurposeshouldwetakeadeductionforDepreciationof80%or15%,aswehavepurchasedwindmillon31/03/2010dateplease
advise.
Thankingyou
Regards,
55.RajeshRanjansays:
October12,2012at11:00am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment536853)
IwouldliketoknowthedepreciationcostoftheLaptopasonJune2012,whichpurchasedinMarch2011atthecoastofRs.70,000/.Plshelp
56.chetanbhargavsays:
August29,2012at9:46am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment513992)
Iamaseniorcitizen.Ihavepurchasedanewcarformypersonaluse.Iamnotdoinganybusinessandamdependentoninterstincome.Amientitledtoclaim
depractiononthecarundertheincometaxact.Pleaseadvicemeassoonaspossible.
Thankingyou,
RaviBhargav
G.SubramaniaSarmasays:
May8,2017at11:30am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment1957031)
Depreciationisanallowancewhichisavailableforpersons/entitieshavingincomefrombusinessorprofession.Sinceyouarenotengagedinbusiness
activityandmaynothaveincomefrombusinessorprofession,depreciationoncarmaynotbeavailable
57.alokjainsays:
Dearsir,
plzsendmedepreciationrateinExcelformat
Thanks
Alokjain
58.Moneyjainsays:
whatisthedepreciationrateonfirefightingequipments?
59.C.YARRAIAH09949988998.9505508265says:
wehavehospitalbuildingwithlift,generators,escalators,transformer,airconditioners,electricalfittings,cctv,stp.canweshowalltheseitemsunderbuildingor
weneedtoshowseperately?
asperincometaxactforthepurposeofdeprecaition.
pladvise
60.khushisays:
IWanttorequiredalldetailsofthoseassetsareapplicableornotapplicableforDepreciation(withCurrentRate)?
61.bhanusays:
62.Pareshsays:
needthedepreciationrateaccordingtoincometaxactandcompaniesactinexcelsheetoneveryassetsandhowtocalculate.
63.ANILKUMAR.V.Ksays:
64.scrawatsays:
weareapartnershipfirmnatreofbusinesstraining&development,sincenovember2011.partnersareAandB,thebusinessisbeingcarriedoutfroma
(otherwisevacant)residentialhousejointlyownedbyA&C(CishusbandofAandisingovtservice,thefamilylivesingovtaccomodation).Halfportionof
thethehousealongwiththefurnitureandfittings,isexclusivelyusedforthebusinessofthefirm,remaininghalfislyingvacant.canthefirmclaimdepreciation
on50%of50%onthevalueoftheassets(50%beingshareofAand50%beingthepropertyinusebythefirm.pleaseadvise.thehouseandthe
furnitureetcwereboughtintheyear2002rawat
65.AbhayYadavsays:
Whatwouldbethedepreciationratetobetakeninthecaseofbooksownedbycollege.
66.AnjaliDevrajsays:
ineedthedepreciationrateaccordingtoincometaxactandcompaniesactinexcelsheetoneveryassetsandhowtocalculatetoit
67.bsenapatisays:
Sir,
Mycompanypurchasedacaron4/2/2005whichisbeingusedbymeforRs324431\.WhatwillbeitsdepreciationvalueasperIncometaxrulesason
04/02/2008?
Canyousendthereply?
Thanks,
68.SACHINNALAWADEsays:
RespectedSir/Madam
IWanttorequiredalldetailsofthoseassetsareapplicableornotapplicableforDepreciation(withCurrentRate)
69.PreetamSinghsays:
hiSir/Mem
IWantTounderstandthedepreciationSoplzsirSomeknowledgeprovideme.
70.DipakMehtasays:
DearSir,shallikknowfromwhichyeartherateofdepreciationchangedfrom33.33%to25%onplant&machinary?pleaseconsidermyrequest.ThankYou.
71.DipakMehtasays:
shalliknowfromwhichyeartherateofdepreciationchangedfrom33.33%to25%onplantandmachinery?pleaseconsidermyrequest.
72.shreesays:
howtocalculatetheactualamountoffixedassets,actualbalancesheetamountis1,50,000/idontknow10%howitcalculateiwantactual10%depreciation
amountpleasesuggestmesir
73.MdMobarakHussainsays:
Dearsir,
plsexplainmehowtocalculatethedepreciation.
andplsexplainwhatisthedifferencebetweenITDepreciation&CompanyActDepreciationandwhichisbetter..
plsreplysoon
74.PurnachandraPrasadsays:
Canweclaimdepreciationforaleaseholdland?
Pleasereply
Thanks
Prasad
75.NEERAJUPPALsays:
PleasesendmeratesofdepreciationfortheFinancilaYear201011&AllratesofVAT&VAT24Form
ThankingYou
NEERAJUPPAL
GURDASPUR
76.mansisays:
ifiamasportsprofessional:
a.WhichreturnwouldiuseITR4?
b.mysportsequipmentswouldbeclassifiedasassets
c.whatrateofdepreciationwouldapplyonsame
77.ajayraisays:
sir,
plzsendvatform24andvatchargeontractors.
78.ajayraisays:
tractors/spareskavatpercentagekyahai.
79.dineshsays:
depreciationrateasperincometaxlawonfirefightingequipments
80.Abhijitroysays:
Pleasetellmetherateofdepreciationofcomputer,asweknowthedepreciationrateis33.33%.
VivekSharmasays:
ThedepreciationoncomputersasperIncomeTaxAct,1961is60%underWDVmethod
81.vilasgondalsays:
May12,2011at11:36am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment404630)
WhatisthehighestrateofDepreciationunderIncomeTaxandforwhatitems?
pleasegivechart
VivekSharmasays:
Highestrateofdepreciationis100%fortemporarywoodenstructure
82.pavithrasays:
Pleasereplaymetherareofdepreciationonstaronehairinyellowboard
srinivasareddysays:
urquestionnotclear!,whatstaronehair?
83.knandkishoresays:
IlearntsomewhereinbooksrelatingtoTaxationinIndiathatincasethevalueofdepreciableassetisRs.5000orlessdepreciationcanbeclaimed@100%
regardlessofthecategoryofthedepreciableasset.Cananyonegiveadetailedclarificationonthisparticularaspectofdepreciation?
Arunsays:
Yes.Itisallowedat100%providedthecostofaquisitionoftheassetisnotmoretheRs.5,000/
84.Shraddhasays:
PleaseconfirmtherateofdepreciationforPlant&MachineryusedinmanufactureofSolarPanel.Isit80%
85.SudarshanKalesays:
pleasesenddepriciationexcelformatsir(AY201112)
86.kkalirajansays:
ImK.KalirajanfromTrichirapalli,Tamilnadu.InterestedtoinstainglSolarAirconditionerformyhome.WhenIreferinternet,benefitofincometaxthro100%
depreciationisshownbysomecompanies..Isitforindividualalso?
Kindlyclarify,ifiinstallsolarA/cformyhome,amIeligibletoclaimthisbenefit?
87.ChandanChaudharysays:
pleasesendtheformulaofcalculateinterestofRDMonthlyDeposit
88.vipinsays:
incaseofschoolswhatwillbethedepreciationrateforsportsitemsandbooksandperiodicalsfortheA.Y.201011
89.ramasays:
February15,2011at12:29pm(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment372467)
whatisthebenefitofaccelerateddepforanewbiomasspowercompany.
whatisitseffectontariffifany.
kumarsays:
September17,2011at9:58am(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html/#comment436867)
Refer,
YourstateBiomasstariffschedulegivenbytheconcernedRenewableDept.ThereyouwillgetthedetailsofAcceleratedDepreciationinformation.
90.Purvisays:
DearSir,
AtthetimeofSellofanyFixedAssetwehavetotakedepriciatedvalueaspeCosactorasperImcometaxact?
Isthereanyaccountingpracticethatwehavetomaintaindepriciationaspercosactaswellasasperincometax.
Kindlysuggest.
Thanks&Regards.
91.malatheshsays:
DearSir,
Pleasereplymeabouttherateofdepreciationonnewfactorybuilding&plant&machineryunderpartnershipact,extensionofunit,
thankingyou,
withregards
n.k.malathesh
92.MANISHsays:
whtrateofdepriciationbechargedonlibrarybooksincaseofcollegeortrust?
VivekSharmasays:
Iflibraryisbeingusedforbusinessandprofession,then60%depreciationcanbeclaimed.Incaseofperiodicals100depreciationcanbeused.
93.RohitKumarsays:
Plssendmeformatinexcelsheetfordepreciationcalculationandhowtocalculate
94.rahulsays:
pleasesendmeallfixassetsdepriciationrateforassessmentyear20102011
95.vinodsays:
pleasesenddepriciationexcelformatsir
96.bhawnasays:
canyoutellmecelingfanswillcomeunderfurnituresorinofficeequipments.telltheratesofdepplz.
97.PANKAJKRNIMESHsays:
HOWDECIDETHATRATEOFDEPRICIATION(COMPUTERDEP.60%)
98.AmitSharmasays:
DearSir
Pleasesendmep.fcalculationsheetinexcelformat.
Thans
99.AmitSharmasays:
Dearsir
Thanks
100.AmitSharmasays:
Sir
Ihaveapassengercngautoiwanttoknowthathowisdepriciationrateonit.
Thans
101.ShraddhaRaosays:
PleaseinformmethetaxsuitabilitiesforthemanufacturerofLEDproductswherebythebuyerisabletosavepowerbymorethan60%.
replyASAP.
102.Uttamsays:
103.KN.MUTHIAHsays:
WindmillsareeligibleforAccelerateddepreciationat80%.Presentlyifyouwanttogetgenerationbasedincentiveyouarenoteligibletoclaimaccelerated
depreciation.
InthissituationwhatisthenormalrateofdepreciationallowableforWINDMILLS.
KindlygiveyouradviceandIwillbethankful.
LeaveaReply
Youremailaddresswillnotbepublished.Requiredfieldsaremarked*
Comment
Name*
Email*
Website
PostComment
LatestPosts
1.RatesofDepreciationasPerIncomeTaxAct,1961(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html)
2.Ratesofdepreciationaspercompaniesact2013(http://taxguru.in/companylaw/ratesdepreciationcompaniesact2013.html)
3.CountrywiseWithholdingtaxrates/ChartasperDTAA(http://taxguru.in/incometax/countrywisewithholdingtaxrateschartdtaa.html)
4.GSTStreamliningAccountingofcreditreversals,reavailmentsetc.(http://taxguru.in/goodsandservicetax/gststreamliningaccountingcreditreversals
reavailments.html)
5.GSTEvincesSelfregulatedCompliance(http://taxguru.in/goodsandservicetax/gstevincesselfregulatedcompliance.html)
6.AuthorizingCompanySecretaryForGSP(GSTNSuvidhaProvider)underGSTRegime(http://taxguru.in/goodsandservicetax/authorizingcompanysecretary
gspgstnsuvidhaprovidergstregime.html)
7.MobilizationadvancescannotbetreatedasLoans&AdvancesandnotsubjecttoTP(http://taxguru.in/incometax/mobilizationadvancestreatedloansadvances
subjecttp.html)
8.ConceptofNGOandIncomeTaxProvisions(http://taxguru.in/incometax/conceptngoincometaxprovisions.html)
9.ChangeinValuationMethodofShareSec.50CA/56(2):IsitreallyaBigMess!(http://taxguru.in/incometax/changevaluationmethodsharesec50ca562big
mess.html)
10.SomekeyfeaturesofInsolvencyandBankruptcyCode2016(http://taxguru.in/corporatelaw/somekeyfeaturesofinsolvencyandbankruptcycode2016.html)
ViewAllLatestPosts(http://taxguru.in/page/2/)
FeaturedPosts
1.SimplifiedApproachtoGSTABookbyCARamanSingla(http://taxguru.in/goodsandservicetax/simplifiedapproachtogstabookbycaramansingla.html)
2.LargecashdepositsbyGovt.employees&businessmenunderCBDTScanner(http://taxguru.in/incometax/largecashdepositsgovtemployeesbusinessmen
cbdtscanner.html)
3.CBECissuestwoServiceTaxnotificationwithsamenumber(http://taxguru.in/servicetax/cbecissuesservicetaxnotificationnumber.html)
4.ReverseChargeunderCentralGoodsandServicesTaxAct,2017(http://taxguru.in/goodsandservicetax/reversechargecentralgoodsservicestaxact
2017.html)
5.PresidentassentsGST(CompensationtoStates)Act,2017(http://taxguru.in/goodsandservicetax/presidentassentsgstcompensationstatesact2017.html)
6.ROCnoticetomorethan2LakhCompaniesforStrikeoffofName(http://taxguru.in/companylaw/rocnotice2lakhcompaniesstrike.html)
7.PANandTANwithin1day(http://taxguru.in/incometax/panandtanwithin1day.html)
8.ImperfectioninGSTBills(http://taxguru.in/goodsandservicetax/gstrollshiftjuly1stoct1st.html)
9.DraftnotificationonExemptiononLTCGAstrikeorspare?(http://taxguru.in/incometax/draftnotificationexemptionltcgstrikespare.html)
10.BewareofIncomeTaxprovisionsbeforeenteringintoCashTransactions(http://taxguru.in/incometax/bewareincometaxprovisionsenteringcash
transactions.html)
ViewAllFeaturedPosts(http://taxguru.in/type/featured/)
PopularPosts
1.RatesofDepreciationasPerIncomeTaxAct,1961(http://taxguru.in/incometax/ratesofdepreciationasperincometaxactforay201011.html)
2.Ratesofdepreciationaspercompaniesact2013(http://taxguru.in/companylaw/ratesdepreciationcompaniesact2013.html)
3.DownloadGSTFinancialImpactCalculator(http://taxguru.in/goodsandservicetax/downloadgstfinancialimpactcalculator.html)
4.CountrywiseWithholdingtaxrates/ChartasperDTAA(http://taxguru.in/incometax/countrywisewithholdingtaxrateschartdtaa.html)
5.DownloadEfilingUtilityforITR1,2,3,4,5,6,7forA.Y.201718(http://taxguru.in/incometax/downloadefilingutilityitr1itr4sugamay201718.html)
6.IntensiveCertificationCourseonGSTbyCARamanSingla(http://taxguru.in/goodsandservicetax/intensivecertificationgstcaramansingla.html)
7.BankscannotRefusetoacceptscribbled/coloured/fadedbanknotes(http://taxguru.in/rbi/bankscannotrefusetoacceptscribbledcolouredfadedbank
notes.html)
8.MinistryofMSMEinvitestojoincertificationcourseonGST(http://taxguru.in/goodsandservicetax/ministryofmsmeinvitestojoincertificationcourseon
gst.html)
9.CBIarrestsMumbaiCIT&5othersinallegedbriberycase&recoversRs.1.50crore(http://taxguru.in/incometax/cbiarrestscit5othersinallegedbriberycase
recoversrs150crore.html)
10.6ThingsYoushouldknowbeforeavailingaPersonalLoan(http://taxguru.in/finance/6availingpersonalloan.html)
ViewAllPopularPosts(http://taxguru.in/popularposts/)
NEWSLETTER
Joinournewsletter.Wearegoingtoprovideyouactualinformationwithoutspamorfluff.
Enteryouremailaddress
SubscribeNow
SearchPostsbyDate
MAY2017
M T W T F
1 2 3 4 5
(http://taxguru.in/2017/05/01/) (http://taxguru.in/2017/05/02/) (http://taxguru.in/2017/05/03/) (http://taxguru.in/2017/05/04/) (http://taxguru.in/2017/05/05/) (http://taxguru.in/2
8 9 10 11 12
(http://taxguru.in/2017/05/08/)
15 16 17 18 19
22 23 24 25 26
29 30 31
Apr(http://taxguru.in/2017/04/)
QUICKLINKS
Home(http://taxguru.in/)
AboutUs(http://taxguru.in/about)
Advertise(http://taxguru.in/advertisewithus)
JobsatTaxguru(http://taxguru.in/tag/vacancy/)
PrivacyPolicy(http://taxguru.in/privacypolicy)
Terms&Disclaimer(http://taxguru.in/finance/disclaimerforwwwtaxguruin.html)
IMPORTANT
SubmitArticle(http://taxguru.in/charteredaccountant/invitationtojointaxguruinpanelofesteemedauthors.html)
Calculators(http://taxguru.in/tag/calculator/)
IncomeTaxPlanning(http://taxguru.in/tag/taxplanning/)
IncomeTaxDeductions(http://taxguru.in/tag/taxdeductions/)
Empanelment(http://taxguru.in/tag/empanelment/)
ExamTips(http://taxguru.in/tag/examtips/)
JUDGMENTS
SupremeCourt(http://taxguru.in/tag/supremecourtjudgements/)
HighCourt(http://taxguru.in/tag/highcourtjudgments/)
ITAT(http://taxguru.in/tag/itatjudgments/)
CESTAT(http://taxguru.in/tag/cestatjudgments/)
CLBJudgments(http://taxguru.in/tag/clbjudgment/)
CONTACTUS
TaxguruConsultancy&OnlinePublicationLLP
(https://www.google.co.in/maps/place/Taxguru+Consultancy+%26+Online+Publication+LLP/@19.2023741,72.8505723,17z/data=!3m1!4b1!4m2!3m1!1s0x3be7b720b9368c0
509,SwapnaSiddhi,AkurliRoad,NearRailwayStation,Kandivali(East),Mumbai400101.
(https://www.google.co.in/maps/place/Taxguru+Consultancy+%26+Online+Publication+LLP/@19.2023741,72.8505723,17z/data=!3m1!4b1!4m2!3m1!1s0x3be7b720b9368c09:0x121d5
02228855160
info@taxguru.in(mailto:info@taxguru.in)
CopyrightTaxGuru.AllRightsReserved.
(https://facebook.com/taxguruin)(https://twitter.com/taxguru_in)(https://plus.google.com/u/0/+taxguru)
(https://www.linkedin.com/groups/4035300/profile)

Rates of Depreciation As Per Income Tax Act, 1961, India

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Rates of Depreciation As Per Income Tax Act, 1961, India

Uploaded by

Copyright:

Available Formats

5/8/2017 RatesofDepreciationasPerIncomeTaxAct,1961

(http://taxguru.in/) IncomeTax(http://taxguru.in/category/incometax/) Articles(http://taxguru.in/type/articles/)

admin(http://taxguru.in/author/admin/) |IncomeTax(http://taxguru.in/category/incometax/) 08May2017(http://taxguru.in/2017/05/08/)

(3)Buildingsacquiredonorafterthe1stdayofSeptember,2002forinstallingmachineryandplantformingpartofwatersupplyproject 100 100

(4)Purelytemporaryerectionssuchaswoodenstructures 100 100

(1)Machineryandplantotherthanthosecoveredbysubitems(2),(3)and(8)below: 25c. 15c.

(x)(a)Solidwastecontrolequipmentsbeingcaustic/lime/chrome/mineral/cryoliterecoverysystems 100 100

(7)Machineryandplant,acquiredandinstalledonorafterthe1stdayofSeptember,2002inawatersupplyprojectorawater 100 100

(8)(i)Woodenpartsusedinartificialsilkmanufacturingmachinerye. 100 100

(ii)Cinematographfilmsbulbsofstudiolights 100 100

(iii)MatchfactoriesWoodenmatchframes 100 100

(a)Tubs,windingropes,haulageropesandsandstowingpipes 100 100

(v)SaltworksSaltpans,reservoirsandcondensers,etc.,madeofearthy,sandyorclayeymaterialoranyothersimilarmaterial 100 100

(a)Books,beingannualpublications 100 100

(ii)Booksownedbyassesseescarryingonbusinessinrunninglendinglibraries 100 100

Classofassets Depreciation allowance as percentage

(http://taxguru.in/2017/05/01/) (http://taxguru.in/2017/05/02/) (http://taxguru.in/2017/05/03/) (http://taxguru.in/2017/05/04/) (http://taxguru.in/2017/05/05/) (http://taxguru.in/2

You might also like