• Jan
  • 19
  • 2012

Depreciation Rates as per Companies Act

Section 205 of the Companies Act, 1956, prescribes the methods of charging depreciation. The relevant extracts thereof are as follows:

“(2) … depreciation shall be provided either-

(a) to the extent specified in section 350; or

(b) in respect of each item of depreciable asset, for such an amount as is arrived at by dividing ninety five percent of the original cost thereof to the company by the specified period in respect of such asset; or

(c) on any other basis approved by the Central Government which has the effect of writing off by way of depreciation ninety five per cent of the original cost to the company of each such depreciable asset on the expiry of the specified period; or

(d) as regards any other depreciable, asset for which no rate of depreciation has been laid down by this Act or rules made thereunder, on such basis as may be approved by the Central Government by the general order published in the Official Gazette or by any special order in any particular case:

Provided that where depreciation is provided for in the, manner laid down in clause (b) or clause (c), then, in the event of the depreciable asset being sold, discarded, demolished or destroyed the written down value thereof at the end of the financial year in which the asset is sold, discarded, demolished or destroyed, shall be written off in accordance with the proviso to section 350.

………..

(5) ‘Specified period’ in respect of any depreciable asset shall mean the number of years at the end of which at least ninety-five per cent of the original cost of the asset to the company will have been provided for by way of depreciation if depreciation were to be calculated in accordance with the provisions of section 350.

We are producing below the Rates of depreciation under the Companies Act as mentioned in Schedule XIV

schedule xiv

[See sections 205 and 350]

Rates of depreciation

Nature of assets Single Shift Double Shift Triple Shift
WDV SLM WDV SLM WDV SLM
1 2 3 4 5 6 7
I. (a) BUILDINGS (other than factory buildings) [NESD] 5% 1.63% ….. ….. ….. …..
(b) FACTORY BUILDINGS 10%. 3.34% ….. ….. ….. …..
(c) PURELY TEMPORARY ERECTIONS such as wooden structures 100% 100% ….. ….. ….. …..
II. PLANT AND MACHINERY
1[(i) General rate applicable to,—
(a)  plant and machinery (not being a ship) other than continuous process plant for which no special rate has been prescribed under (ii) below 13.91% 4.75% 20.87% 7.42% 27.82% 10.34%
(b)  continuous process plant,     2[* * *] for which no special rate has been prescribed under (ii) below [NESD] 15.33% 5.28% ….. ….. ….. …..]
(ii)  Special rates
A.1.Cinematograph films – Machinery used in the production and exhibition of cinematograph films [NESD] 20% 7.07% ….. ….. ….. …..
(a)  Recording equipment, reproducing equipment, developing machines, printing machines, editing machines, synchronisers and studio lights except bulbs
(b)  Projecting equipment of film exhibiting concerns
2.  Cycles [NESD]
3[3. Electrical machinery, X-ray and electro-therapeutic apparatus and accessories thereto, medical, diagnostic equipments, namely, cat-scan, ultrasound machines, ECG monitors, etc. [NESD] 20% 7.07% ….. ….. ….. …..
4. Juice boiling pans (karhais) [NESD] 20% 7.07% ….. ….. ….. …..
5. Motor-cars, motor-cycles, scooters and other mopeds [NESD] 25.89% 9.5% ….. ….. ….. …..
6. Electrically operated vehicles including battery powered or fuel cell powered vehicles [NESD] 20% 7.07% ….. ….. ….. …..
7. Sugarcane crushers (indigenous kolhus and belans) [NESD] 20% 7.07% ….. ….. ….. …..
8. Glass manufacturing concerns except direct fire glass melting furnaces – Recuperative and regenerative glass melting furnaces 20% 7.07% 30% 11.31% 40% 16.21%
9. Machinery used in the manufacture of electronic goods and components 15.62% 5.38% 23.42% 8.46% 31.23% 11.87%]
B. 1. 4[Aeroplanes, aero engines, simulators, visual system and quick engine change equipment [NESD] 16.2% 5.6%]
2. Concrete pipes manufacture—Moulds [NESD] 30% 11.31% ….. ….. ….. …..
3. Drum containers manufacture—Moulds [NESD]
4. Earth-moving machinery employed in heavy construction works, such as dams, tunnels, canals, etc. [NESD]
5. Glass manufacturing concerns except direct fire glass melting furnaces—Moulds [NESD]
6. Moulds in iron foundries [NESD]
7. Mineral oil concerns—Field operations (above ground)—Portable boilers, drilling tools, well-head tanks, rigs, etc. [NESD]
8. Mines and quarries—Portable underground machinery and earth-moving machinery used in open cast mining [NESD]
9. Motor buses and motor lorries other than those used in a business of running them on hire [NESD]
9A. Motor tractors, harvesting combines [NESD]
10. Patterns, dies and templates [NESD]
11. Ropeway structures—Ropeways, ropes and trestle sheaves and connected parts [NESD]
12. Shoe and other leather goods fabrics—Wooden lasts used in the manufacture of shoes 30% 11.31% 45% 18.96% 60% 29.05%
C. 1. 5[** ** **]
2. Motor buses, motor lorries and motor taxis used in a business of running them on hire [NESD] 40% 16.21% ….. ….. ….. …..
3. Rubber and plastic goods factories—Moulds [NESD]
4. Data processing machines including computers [NESD] 40% 16.21% ….. ….. ….. …..
5. Gas cylinders including valves and regulators [NESD]
D. 1. Artificial silk manufacturing machinery with wooden parts 100% 100% ….. ….. ….. …..
2. Cinematograph films—Bulbs of studio lights
3. Flour mills—Rollers
4. Glass manufacturing concerns—Direct fire glass melting furnaces
4A. Flot Glass Melting Furnaces (NESD) 27% 10% ….. ….. ….. …..
5. Iron and Steel industries—Rolling mill rolls 100% 100% ….. ….. ….. …..
6. Match factories—Wooden match frames
7. Mineral oil concerns—(a) Plant used in field operations (below ground)—Distribution – returnable packages; (b) Plant used in field operations (below ground) but not including assets used in field operations (distribution)—Kerbside pumps including underground tanks and fittings
8. Mines and quarries—
(a)  Tubs, winding ropes, haulage ropes and sand stowing pipes
(b)  Safety lamps
9. Salt works—Salt pans, reservoirs and condensers, etc., made of earthy, sandy or clay material or any other similar material
10. Sugar works—Rollers
III.  FURNITURE AND FITTINGS
6[1. General Rates [NESD] 18.1% 6.33% ….. ….. ….. …..
2. Rate for furniture and fittings used in hotels, restaurants and boarding houses; schools, colleges and other education al institutions, libraries; welfare centres; meeting halls, cinema houses; theatres and circuses; and for furniture and fittings let out on hire for use on the occasion of marriages and similar functions [NESD]
IV.  SHIPS
1. Ocean-going ships— 25.88% 9.5% ….. ….. ….. …..
(i)  Fishing vessels with wooden hull [NESD]
(ii)  Dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging purposes [NESD] 27.05% 10% ….. ….. ….. …..
(iii)  Other ships [NESD] 19.8% 7% ….. ….. ….. …..
2. Vessels ordinarily operating on inland waters— 14.6% 5% ….. ….. ….. …..
(i)  Speed boats [NESD]
(ii)  Other vessels [NESD]
WDV means written down value 20% 7.07% ….. ….. ….. …..
SLM means straight line method 10% 3.34% ….. ….. ….. …..

NOTES

1. “Buildings” include roads, bridges, culverts, wells and tube-wells.

2. “Factory buildings” does not include offices, godowns, officers’ and employees’ quarters, roads, bridges, culverts, wells and tube-wells.

3. “Speed boat” means a motor boat driven by a high speed internal combustion engine capable of propelling the boat at a speed exceeding 24 kilometres per hour in still water and so designed that when running at a speed it will plane, i.e., its bow will rise from the water.

4. Where, during any financial year, any addition has been made to any asset, or where any asset has been sold, discarded, demolished or destroyed, the depreciation on such assets shall be calculated on a pro rata basis from the date of such addition or, as the case may be, up to the date on which such asset has been sold, discarded, demolished or destroyed.

5. The following information should also be disclosed in the accounts:

(i)  depreciation methods used; and

(ii)  depreciation rates or the useful lives of the assets, if they are different from the principal rates specified in the Schedule.

6. The calculations of the extra depreciation for double shift working and for triple shift working shall be made separately in the proportion while the number of days for which the concern worked double shift or triple shift, as the case may be, bears to the normal number of working days during the year. For this purpose, the normal number of working days during the year shall be deemed to be—

(a)  in the case of a seasonal factory or concern, the number of days on which the factory or concern actually worked during the year or 180 days, whichever is greater;

(b)  in any other case, the number of days on which the factory or concern actually worked during the year or 240 days, whichever is greater.

The extra shift depreciation shall not be charged in respect of any item of machinery or plant which has been specifically, excepted by inscription of the letters “NESD” (meaning “no extra shift depreciation”) against it in sub-items above and also in respect of the following items of machinery and plant to which the general rate of depreciation of 7[13.91] per cent applies—

(1)  Accounting machines.

(2)  Air-conditioning machinery including room air-conditioners.

(3)  Building contractor’s machinery.

(4)  Calculating machines.

(5)  Electrical machinery—switchgear and instruments, transformers and other stationary plant and wiring and fitting of electric light and fan installations.

(6)  Hydraulic works, pipelines and sluices.

(7)  Locomotives, rolling stocks, tramways and railways used by concerns, excluding railway concerns.

(8)  Mineral oil concerns—field operations:

(a8[* * *]

(b)  Prime movers

(c8[* * *]

(d)  Storage tanks (above ground)

(e)  Pipelines (above ground)

(f)  Jetties and dry docks

(9)  Mineral oil concerns—field operations (distribution)—kerbside pumps, including underground tanks and fittings.

(10)  Mineral oil concerns—refineries :

(a9[* * *]

(b)  Prime movers

(c9[* * *]

10[(d) LPG Plant]

(11)  Mines and quarries :

(a)  Surface and underground machinery (other than electrical machinery and portable underground machinery)

(b)  Head-gears

(c)  Rails

(d9[* * *]

(e)  Shafts and inclines

(f)  Tramways on the surface

(12)  Neo-post franking machines.

(13)  Office machinery.

(14)  Overhead cables and wires.

(15)  Railway sidings.

(16)  Refrigeration plant container, etc. (other than racks).

(17)  Ropeway structures :

(a)  Trestle and station steel work.

(b)  Driving and tension gearing.

(18)  Salt works—Reservoirs, condensers, salt pans, delivery channels and piers if constructed of masonry, concrete, cement, asphalt or similar materials; barges and floating plant; piers, quays and jetties; and pipelines for conveying brine if constructed of masonry, concrete, cement, asphalt or similar materials.

(19)  Surgical instruments.

(20)  Tramways electric and tramways run by internal combustion engines—permanent way: cars—car trucks, car bodies, electrical equipment and motors; tram cars including engines and gears.

(21)  Typewriters.

(22)  Weighing machines.

(23)  Wireless apparatus and gear, wireless appliances and accessories.]

(2411[* * *]

12[7. ‘Continuous process plant’ means a plant which is required and designed to operate 24 hours a day.

8. Notwithstanding anything mentioned in this Schedule, depreciation on assets, whose actual cost does not exceed five thousand rupees, shall be provided at the rate of hundred per cent:]

13[Provided that where the aggregate actual cost of individual items of plant and machinery costing Rs. 5,000 or less constitutes more than 10 per cent of the total actual cost of plant and machinery, rates of depreciation applicable to such items shall be the rates as specified in Item II of the Schedule.]

Sandeep Kanoi

122 Responses to “Depreciation Rates as per Companies Act”

  1. Gopal says:

    Dear Sir,

    pls tell me which are percentage of deprication on ups.

    thanks.
    Gopal Sharma

  2. R.Srinivasa Siva says:

    Kindly guide me the rate of Depreciation of CCTV Camera fixed in our premises for the f.yr 2013-14 as per income tax

  3. R.Srinivasa Siva says:

    Kindly guide me whether the rate of depreciation of CCTV Camera percentage which is fixed in our office premises

  4. pawan says:

    please suggest rate of depriciation for ingot mould boxes from 2003 to 2014 ;
    this box brokes in 12-18 months max.

  5. Deepak Bajaj says:

    I need rate of depreciation on plant & machinery from F.Y. 1995-1996 to till date as per companies act

  6. SUNIL SHARMA says:

    sir,i want know about depreciation on textiles business propwiter farm,
    air condation
    mobile
    weight scale
    laptop
    invater

    above whats depreciatin rate

  7. prashant says:

    how to start accounting work as a business and make office
    what is the market prices of individual a/c,vat a/c,proprietorship firm,partnership firm,company a/c and what is return charges of all as above

  8. nirav says:

    i want rate as per companies for following

    1. CCTV Camera
    2. attendant machine
    3. television

  9. b.l. sharma says:

    sir, i want deprecation rate as per follow asset.
    plant & machinary
    building
    lab euipment
    computer
    weigh bridge

  10. Uday Murdekar says:

    Dear Sir/Madam,

    I require chart rate of Depreciation under Company’s Act & Income Tax Act for F.Y.2013-14 & how to calculate defferment of taxes?

  11. antima gupta says:

    sir,
    what is depreciation rate on locker which is provided on locker rent services
    under companies act

  12. sabyasachi mahana says:

    sir,
    mobile phones are to be categorised under which category for calculation of depriciation under income tax act.

  13. RAMESH SALIAN says:

    What is the rate of depreciation for computers under i.tax act and companies act..

  14. Manish Rindhe says:

    Dear Sir,

    I require rate of Depreciation under Company’s Act & Income Tax Act for F.Y.2012-13 & how to calculate defferment of taxes?

  15. chhotu ram says:

    i want to know dep. rate on television and software as per companies and income tax act

  16. Ashish Sarkar says:

    Please inform me the rate of depreciation of the following items as per Company’s Act & Income Tax Act for the financial Year 2012 – 13.

    1) Plant & Machinery.
    2) Motor Vehicles,
    3) Office equipment.
    4)Furniture

  17. ravi says:

    Dear Sir,

    I want to know the Depriciation rate of following Assets for financial year(2012-2013)

    1. Buildings
    2.Plant and Machinery
    3. Civil Engg. lab Equipment
    4. Mechnical Engg. Equipment.
    5.Vehicles
    6.Computers
    7. Lab equipments of an Educational Institutes.

  18. Manish says:

    sir,
    Please send me a depriciation chart. iwill be grateful to you

    Thanks
    Regards
    Manish Kumar
    Delhi

  19. Ansh says:

    Dear Sir,

    I Have Reqd. the Dep. Chrat for the FY 2012-13

    Pls send me

    Thanks

  20. sagir says:

    I Bought Samsung Mobile 7-3-13 Rs.21500 What Is the Deprecation And How Can i Calculate

  21. Nitin says:

    Dear Sir,

    I want to know the depreciation rates for the following items as per the companies act for the F.Y. 2012-13:

    Battery for Car
    CNG Kit
    Inverter
    Motor
    Camera
    Inverter Battery

  22. Vivek says:

    Thanx a ton

  23. S.S.SATHE says:

    Depreciation on Software is 100% or 60% pl. clarify.

  24. ardhi harry says:

    sir, could you tell me depreciation data rate on capital data in ASEAN? please

  25. Hakim says:

    Is the depreciation being charged on bloc basis for companies act depreciation?

  26. Amit Jain says:

    Sir,
    pls tell me which are percentage of deprication on battery and ups.
    thanks.

  27. bharath says:

    Plz say me about depricitaion shedul any dep percentages of a manufacture comany

  28. Ashish Jain says:

    please can anyone tell the rate of depri on dead stock and computer software……..

  29. LMB Dassanayake says:

    Sir, What is the recomended depriciation rate per anumn for solar panels used in large scale solar power production.

  30. ABUL AALA SIDDIQUI says:

    R/sir

    I want to know depreciation rate as per companies act for below asset

    BUILDING

    PLANT&MACHINERY

    COMPUTER

    FURNITURE&FIXTURES

    VEHICLES

    AIR CONDITIONER& COOLER

    Thanks & Regards

    Abul aala Siddiqi

  31. Yogesh Bhati says:

    I want to connect with this

  32. Vijaya says:

    Please send me the March’2012 & September’2012 Depreciation Rates

  33. shamsher singh says:

    Dear Sir

    If Co.s shut down than co.s depreciation charged yes or not as per co.s act

  34. MAHENDRA says:

    DEPRECIATION ON WEBSITE AS PER COMPANIES ACT AND AS PER INNCOME TAX ACT FOR THE ASSESSMENT YEAR 2012-13.REPLY AS SOON AS POSSIBLE

  35. Poonam says:

    Dear all friends!
    please give me depreciation rate of list as per Companies Act in all assets

  36. hukam chand sharma says:

    What is the depreciation Rate applicable to Electrical Fittings.  As we know that electric wiring and fittings i.e. electical fittings are falls under Furniture & Fittings Block under Income Tax Act and hence, are chargeable to Depreciation @ 10%.  Please clarify the same in relation to Companies Act. 

  37. sachin suri says:

    dep % of software

  38. s.v.kulkarni says:

    want to know whether lab furniture & equipments purchased can be capitalised under f&f or p&m

  39. swarnalatha says:

    Is there any changes in rate of depreciation for fixed assets for the assessment year 12-13?

  40. Md. Motiur Rahman says:

    Dear Sir,I want to know the depreciation rates (Fin.Yr: 2010-2011: Ass.Yr. 2011-2012) as per Company’s Act & Income Tax Act.
    1) Plant & Machiney
    2) Land & Building
    3) Laptop
    4) Scooter
    5) Computer
    6) Telephone Equipment

    7) EPBX SYSTEMS. 8) Car 9) Furnitur 10) Vehicles

  41. venkoba says:

    Difference between Deprecation Income tax Act & Company Act .

  42. mavila fernandes says:

    Respected Sir,,,,,,,i wanted to know the depreciation rates of FEEDER Boats..Cars….Motorcycle……Inverter………Building for the year 2011-12 and 12-13 as per companies Act 1956…………& also the head under which they should be clasified..

    thanking you

    mavila fernandes

  43. mavila fernandes says:

    FEEDER BOATS should come after which head………..and how to classify movanle & immovable property…is computer is movable asset

  44. AMOL says:

    Dear Sir, can i get depreciation rate for PROPRIETOR SHIP FIRM for financial year

    2011-12 of COMPUTER, AIR CONDITIONER, PRINTER, GOODS CARRIER VEHICAL ( MARUTI VAN ) ,LAPTOP.

  45. v.shankar says:

    Sir, i want to know the depreciation details for ammonia tonners(400 kg capacity).

  46. santosh says:

    daar sir m purchase 2nd hand car fro office use in the feb 12, can i get dep? how % ?

  47. Navin Kishor Chaudhary says:

    Dear Sir,

    I want to know the Depriciation rate of following Assets for financial year(2011-2012)

    1. Buildings
    2.Plant and Machinery
    3. Civil Engg. lab Equipment
    4. Mechnical Engg. Equipment.
    5.Vehicles
    6.Computers
    7. Lab equipments of an Educational Institutes.

  48. stella says:

    Dear sir, I want to know the depreciation rate 2011 of the following iteam

    1)
    1. Buildings

  49. DEBASHIS RATH says:

    Dear sir , I want to know the dep rate in wdv method of Porta cabin/portable cabne made by steel

  50. istak says:

    Dear sir, I want to know the depreciation rate of the following iteams

    1. office furniture & fixtures 2.Buildings construction 3.Electrical equipment

    4 . Motor vehicles

  51. Hemant says:

    to answer your question if TAB can be capitalized as computer equipments as is is not only normal phone it can be used in many more ways than only as a Phone.

  52. sandeep rane says:

    in our office ganesh idol brought in which a/c shall i account please advice, on may e- mail id

  53. Hemant Aswani says:

    Dear Sir,

    i have purchase new Samsung Galaxy Tablet, regarding that my query is that for computing Depreciation on it either i consider it as computer and compute Depreciation @16.21% (SLM) or i consider it as a mobile and compute Depreciation @4.75% (SLM)

  54. Vipin Bhogal says:

    Can the foundation cost for a Machines be capitalised with the machine costIf YES, what will be the rate of depriciation for the founditation.

    Send reply ar vipinbhogal@gmail.com

  55. pradip says:

    any one help me regarding Define dep area 15 in Depreciation(for income tax)

  56. lakkanna gowda says:

    can I get depreciation rate for the year 2009-10 for scooter

  57. G.Muthumanickam says:

    Herewith we sending dep report

  58. Pravat Ranjan Nayak says:

    Please tell me depreciation of Treadmills ( Sports Accessories) & which type of category.

  59. vijay says:

    Not allowed Extra shift depreciation

  60. R.K.KUMANIA says:

    HP Laptop purchased at a cost of Rs. 72000 in 2007. What would be its present value after depresation?

  61. Saurabh says:

    what does it mean ‘ NESD ‘ used in depreciation schedule under Comapny’s Act

  62. PRAKASH says:

    can i get depreciation rate as per company law for FACTORY BUILDING, COMPUTER, PLANT & MACHINERY, AIR CONDITIONER, FURNITURE, ELECTRICAL FITTING

  63. Charan Singh says:

    Dear All

    Please let me know depreciation applicable to Furniture & Fixture rate for the F.Y 2010-11.

    Please revert me soon…….

    Regards
    Charan Singh

  64. prasadi says:

    pl tell % of depreciation on Autocad Licence software.

  65. K V Subba Rao says:

    As per Notes appended to the Rates of Depreciation under the Companies Act as mentioned in Schedule XIV—

    “4. Where, during any financial year, any addition has been made to any asset… the depreciation on such assets shall be calculated on a pro rata basis from the date of such addition…”.

    “8…depreciation on assets, whose actual cost does not exceed five thousand rupees, shall be provided at the rate of hundred per cent”

    Please advise whether, in case of buying a Cell Phone costing Rs 3000 in Jan, we should charge off in Accounts towards Depreciation in the year of acquisition

    (a) Rs 3000 (entire cost being less than Rs 5000) as per Note 8; or

    (b) Rs 756 (3000×100/100×91/365) only as per Note 4

    If we charge off Rs 756 only in the year of acquisition and carry forward the balance to next year and go on calculating Depreciation at normal rate, it will lead to finding petty amounts in Assets Register

  66. vishal says:

    UPS is Office Equipment so its Dep Rate @ 15%
    and Computer Software is IMP Part Computer so its Depre 60%

  67. admin says:

    1) ups – 15%
    2) computer softwares ? – 60%

  68. vishnu says:

    can you tell me the depreciation rate for
    1) ups
    2) computer softwares ?

  69. Neha Tulsiyani says:

    Sir,
    I am a student studying in 12th std. I study in gujrat hence the study is according to the Gujarat state board. I want to know if the depreciation on machine is recorded in p/l account and the depreciation on factory building is recorded in trading account why the depreciation on machine is not recorded in trading account.
    Can we record the depreciation on machine in trading account.

    SIR please reply

  70. M SHARMA says:

    wat is the meaning of 180 days in depriciation

  71. Preety Jain says:

    sir, please let me know the rate of depreciation on water cooler (RO) as per companies act

  72. ravi garg says:

    15% on cellular
    but some times it is taken as 60% (comp. parts)

  73. MANOJ GUPTA says:

    What is the depreciation rate on cellular.

  74. G. Suresh Babu says:

    Sir,
    Let me know depreciation rates(Ours is an Educational Institute) of the following assets:
    1. Buildings
    2.Plant and Machinery
    3. Civil Engg. lab Equipment
    4. Mechnical Engg. Equipment.
    5.Vehicles
    6.Computers
    7. Lab equipments of an Educational Institutes.

  75. G.K. Harini says:

    Sl. PARTICULARS RATE
    No. %

    01 FURNITURE & FITTINGS 18.91%

    02 COMPUTERS 40.00%

    03 VEHICLES 25.89%

    04 OFFICE EQUIPMENTS 13.91%

  76. SANJAY KORDE says:

    purchased erp software & erp lience fees & integrated develpoment cost 2300000/- can company claims for depreciation on it?

  77. rajesh says:

    Sir, I have lost Acknowledgement receipts of Quarterly e-TDS filling, and TIN -FC where igot my said statement filled is completely closed. Now i want to make some correction in that statement sir, plsese provide me your valuable guide

  78. Raja V says:

    Dear friend

    As far as my knowledge goes, rates of dep as provided in the Act is the minimum, but there may be exceptions which i am also not aware of. Sorry for not replying your query precisely.

    Thanks

  79. D C Venkata subbaiah says:

    sir already submit the massage or comment sir i want the deprecitaion rats sir

  80. D C Venkata subbaiah says:

    Sir please send me information of depreciation companies and income tax act FY-2010-2011 please send me my mail id sir please help me sir.

  81. sarika.kalkar says:

    i want to know depreciation rate for Kitchen item(utensils) as company Act & Income Tax Act for F.Y> 2010-11

  82. RAKESH SUNDRIYAL says:

    I BOUGHT MY OFFICE For Rs. 6LAC
    NOW I WANT TO SELL IT AROUND 20LACS
    AFTER GETTING THE SELLING AM I WANT TO
    AGAIN BOUGHT OFFICE SPACE FOR THE SAME AM 20LACS

    PLS ADVISE IS THERE ANY TAX LIABLITY IF I MANAGE ALL
    THIS PROCESS ON SAME FINANCIAL YEAR

  83. Sandbhor says:

    Dear Sir,

    I want to know the depreciation rates (Fin.Yr: 2008-2009 to 2010-2011) as per Company’s Act & Income Tax Act.

    1) Plant & Machiney
    2) Land & Building
    3) Computer
    4) Scooter
    5) Computer
    6) Telephone Equipment
    7) Lap top

    It would be very kind of you if you could help me in this matter.

    Thanx & Regds,

  84. Govinda Velankar says:

    Where the aggregate actual cost of Individual items of plant and machinary costing Rs5000/- or less constitutes more than 10% actual total actual cost of Plant & machinary,rates of depreciation applicable to such items shall be the rates specified in the schedule.In the case of low cost items acquired during the year,depreciation at the rate of 100% should be provided on pro rata basis.

  85. harish srivastava says:

    whether depreciation losses can be set off/carried forward for many years if all assets were sold in previous year

  86. ramakrishna says:

    1) Plant & Machinery
    2) Land & Building
    3) Computer
    4) CAR & Scooter
    6) Telephone & Mobile

    Please send me above teams Depreciation rates

  87. DILIP KUMAR SARKAR says:

    I want to know the depreciation rates (Fin.Yr: 2010-2011) as per Company’s Act & Income Tax Act.

    1) Plant & Machiney
    2) Land & Building
    3) Computer
    4) CAR & Scooter
    6) Telephone & Mobile

    09971175912

  88. Ramesh.M says:

    Sir,
    I do`t no what is different inbetween Company and Industrial Deprectiation rate and why ? and what is purpose different of decription in above two section please explain me very humbly request.

    Thanking you

    M.Ramesh M.B.A

  89. heavy Metal says:

    what is the rate for intangiable assets as per compan ies act?

  90. Brij says:

    Respected Sir/Madem,
    please guide me about in which condition the depreciation charge on commercial vechicle @50%

    please reply me
    with regards
    Braj Raj
    Agra

  91. GURPREET SINGH says:

    PLEASE GIVE ME THE LIST OF LATEST RATES OF DEPRECIATION, TDS AND SERVICE TAX.

    THANKS,
    REGARDS,

    GURPREET SINGH

  92. vijay says:

    under which categories accounted the Ganesh Statue is purchased for office decoration. and depreciation for the same?

  93. rajesh says:

    kindly,

    send me depreciation rates in xls format,

    on fixed assets both as per companies act & i.tax act

  94. T PATTABHI RAMARAO says:

    Dear Sir,

    Please mention the following:

    Rate of Depriciation on Rolling mill rolls as per IT ACT

    PATTABHI
    pattabhi_t3@yahoo.co.in

  95. T PATTABHI RAMARAO says:

    Please send me Depriciation table as per Income tax act

  96. Kishan Bidasaria says:

    Dear Sir,

    I want to know the depreciation rates (Fin.Yr: 2009-2010: Ass.Yr. 2010-2011) as per Company’s Act & Income Tax Act.

    1) Plant & Machiney
    2) Land & Building
    3) Computer
    4) CAR & Scooter
    6) Telephone & Mobile

    Kishan Bidasaria
    kishan.bidasaria@yahoo.com

  97. admin says:

    As per the rate applicable to Computers.

  98. Yaman says:

    plz tell me at what rate, should i provide depreciation on the website i have purchased…

  99. aayush says:

    is there depreciation as per companies act applicable on days basis.what is the procedures of depreciation of any addition or disposal made

  100. To Mr. Vibhuj Gupta,

    No, that asset will be added to the block to which it belongs and then dep willbe charged according to the rate of dep of that block.

  101. milan patel says:

    i want to deprisation rate as per company act
    in excel formate

  102. Devang Patel says:

    What will be the rate of depreciation on ‘leasehold improvements’ if the lease period is 3 years and there are 100% chances of renewal of lease agreement.

  103. Ashpak Ali says:

    Q.1 what is deffered tax assets & deffered tax liability?

    Q 2. where will be show diffrenece between profit according to companies act and income tax act?

    Q 3. what is ROC Return?

    Q 4. Why fill up the ROC return?

  104. v.srinivas says:

    dear sir

    i don’t know how to calculate the depreciation under companies act and income tax act and also give me information depreciation percentage both act

  105. Srinivas says:

    Hello,
    I would like to know the rate of depreciation both under the Companies Act and Income-Tax Act, for steel structures installed on an entertainment house on their premises.

    Thanks
    Srinivas

  106. ankit says:

    A company charges depreciation on mobile sets purchased for office use. Will d depreciation be charged on additional battery purchased or on installation of any software on mobile.? if yes How.??

  107. N.JOSHI says:

    Dear Sir,

    I want to know the depreciation rates (Fin.Yr: 2010-2011: Ass.Yr. 2011-2012) as per Company’s Act & Income Tax Act.

    1) Plant & Machiney
    2) Land & Building
    3) Computer
    4) Scooter
    5) Computer
    6) Telephone Equipment
    7) Lap top
    8) EPBX SYSTEMS.

    It would be very kind of you if you could help me in this matter.

    Thanx & Regds,
    N.Joshi

  108. CA Sandeep Kanoi says:

    Hi
    Depreciation rates as per companies Act are only indicative and you cant charge depreciation lesser then the rates specified in the schedule but there is no restriction on charging depreciation at higher rates.

    So if useful life of the Assets is lesser then what specified in the schedule then depreciation should be charged at higher rates.

  109. Yusufi A. Kapasi says:

    As per IAS -16 it is required to be reported whether depreciable amount is allocated systematiclly over its usefule life.

    If the depreciation is provided as per companies Act,1956, Whether it can be said that the depreciation amount has been properly allocated to useful life of asset ?

  110. nagesh kadu says:

    Sir,
    Pls. let me know whether same rate are applicable for FY 2009-10.

  111. Bachan says:

    Any Rate of Depreciation Change in companies Act

  112. suprabha says:

    What is the rate of depreciation for kitchen appliances and other kitchen items?

  113. Vijay Dashore says:

    can a shift be long for more than 8 hrs.
    my plant is running for 10 hrs can i claim depreciation on single shift basis.?

  114. CA Sandeep Kanoi says:

    In My Opinion same rate as applicable to computers.

  115. MAYUR says:

    WHT R D RATES OF DEPRECIATION ON COMPUTER RELATED COMPONENTS LIKE PRINTER

  116. tamanna says:

    sir
    can a c.a firm claim depreciation on any software purchased by them eg software for e-filing tds ,it returns if so at what rate??

  117. ankita moran says:

    Sir,
    Please let me know if it is not mandatory for a proprietorship concern to provide depreciation to its machineries that are used for business purpose. If it is not mandatory, please tell me which part of which Act mentions about it.

  118. Gupta says:

    Dear sir,

    Is it possible to claim the depreciation at the rates below specified in the SCH XIV of the companies act. If so, what are the situation, under which we can claim like that?

  119. VL Ganapathi says:

    Please let me know depreciation applicable to SERVOMOTORS connected in Chip Mounter Machine

  120. Please Send me Sep’08 Depreciation Rates

  121. pankaj k says:

    fantastic article.
    Got my exams tomorrow. Definitely helps.

  122. vibhuj gupta says:

    Respected Sir,i want to know that if any company purchases any assets costing Rs. lessthan 5000 then 100% depreciation will be chareged even allready company is having such assets account in thier books

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