Article provides Rates of Depreciation as per Income Tax Act, 1961 on Building, Plant & Machinery, Furniture & Fittings, Ships & on Intangibles Assets i.e.  Know-how, patents, copyrights, trademarks, licences, franchises or any other business or commercial rights of similar nature for Financial Year 2017-18 or Assessment Year 2018-19. The article is updated with Changes made by Finance Act, 2017.

Block of Assets – The expressions Assets and Blocks of Assets w.e.f. 1-4-1999 shall mean a group of assets falling within a class of assets comprising:–

a. Tangible Assets being buildings, machinery, plant or furniture;

b. Intangible Assets being knowhow, patents, copyrights, trademarks, licences, franchises or any other business or commercial rights of similar nature; in respect of which same percentage of depreciations is prescribed.

In case of a domestic company, which has exercised an option under Section 115BA  of the Income-tax Act, 1961 of rate of taxation from 30% to 25%  , the depreciation allowance under Section 32(1)(ii) of the Act in respect of any block of assets entitled to more than 40 per cent shall be restricted to 40 per cent on the written down value of such block of assets with effect from 1 April 2016. Notification No. 103/2016, dated 7 November 2016

New Appendix I which provides a table of depreciation rates has been amended. The Notification states that wherever higher rates (i.e. 50, 60, 80 and 100) occurs, the figure ’40’ shall be substituted with effect from 1 April 2017. Notification No. 103/2016, dated 7 November 2016

Also Read-

Income Tax Depreciation Rate Chart for Financial Year 2017-18/ Assessment Year 2018-19

Block of assets Depreciation allowance as percentage of written down value
AYs 2003-04 to 2005-06 AY 2006-07 to 2017-18 AY 2018-19
1 2 3 4
PART A
TANGIBLE ASSETS
I. BUILDING [See Notes 1 to 4 below the Table]
(1) Buildings which are used mainly for residential purposes except hotels and boarding houses 5 5 5
(2)  Buildings other than those used mainly for residential purposes and not covered by sub-items (1) above and (3) below 10 10 10
(3)  Buildings acquired on or after the 1st day of September, 2002 for installing machinery and plant forming part of water supply project or water treatment system and which is put to use for the purpose of business of providing infra- structure facilities under clause (i) of sub-section (4) of section 80-IA 40 40 40
(4)  Purely temporary erections such as wooden structures 40 40 40
II. FURNITURE AND FITTINGS
Furniture and fittings including electrical fittings [See Note 5 below the Table] 15 10 10
III. MACHINERY AND PLANT
(1)  Machinery and plant other than those covered by sub-items (2), (3) and (8) below : 25c. 15c. 15c.
a.(2) 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 20 15 15
(3)  (i) Aeroplanes – Aeroengines 40 40 40
b.(ii) Motor buses, motor lorries and motor taxis used in a business of running them on hire 40 30 30
 (iii) Commercial vehicle which is acquired by the assessee on or after the 1st day of October, 1998, but before the 1st day of April, 1999 and is put to use for any period before the 1st day of April, 1999 for the purposes of business or profession in accordance with the third proviso to clause (ii) of sub-section (1) of section 32 [See Note 6 below the Table] 40 40 40
(iv)  New commercial vehicle which is acquired on or after the 1st day of October, 1998, but before the 1st day of April, 1999 in replacement of condemned vehicle of over 15 years of age and is put to use for any period before the 1st day of April, 1999 for the purposes of business or profession in accordance with the third proviso to clause (ii) of sub-section (1) of section 32 [See Note 6 below the Table] 60 60 40
(v)  New commercial vehicle which is acquired on or after the 1st day of April, 1999 but before the 1st day of April, 2000 in replacement of condemned vehicle of over 15 years of age and is put to use before the 1st day of April, 2000 for the purposes of business or profession in accordance with the second proviso to clause (ii) of sub-section (1) of section 32 [See Note 6 below the Table] 60 60 40
(vi)  New commercial vehicle which is acquired on or after the 1st day of April, 2001 but before the 1st day of April, 2002 and is put to use before the 1st day of April, 2002 for the purposes of business or profession [See Note 6 below the Table] 50 50 40
(via) New commercial vehicle which is acquired on or after the 1st day of January, 2009 but before the 1st day of October, 2009 and is put to use before the 1st day of October, 2009 for the purposes of business or profession [See paragraph 6 of the Notes below this Table] 50 40
d.(vii) Moulds used in rubber and plastic goods factories 40 30 30
(viii)  Air pollution control equipment, being—
(a)  Electrostatic precipitation systems  

 

40

 

 

40

 

 

40

(b)  Felt-filter systems
(c)  Dust collector systems
(d)  Scrubber-counter current/venturi/packed bed/cyclonic scrubbers
(e)  Ash handling system and evacuation system
(ix)  Water pollution control equipment, being—
(a)  Mechanical screen systems  

 

 

 

 

 

40

 

 

 

 

 

 

40

 

 

 

 

 

 

40

(b)  Aerated detritus chambers (including air compressor)
(c)  Mechanically skimmed oil and grease removal systems
(d)  Chemical feed systems and flash mixing equipment
(e)  Mechanical flocculators and mechanical reactors
(f)  Diffused air/mechanically aerated activated sludge systems
(g)  Aerated lagoon systems
(h)  Biofilters
(i)  Methane-recovery anaerobic digester systems
(j)  Air floatation systems
(k)  Air/steam stripping systems
(l)  Urea Hydrolysis systems
(m)  Marine outfall systems
(n)  Centrifuge for dewatering sludge
(o)  Rotating biological contractor or bio-disc
(p)  Ion exchange resin column
(q)  Activated carbon column
 (x) (a) Solidwaste control equipments being – caustic/lime/chrome/mineral/cryolite recovery systems 40 40 40
(b)  Solidwaste recycling and resource recovery systems
(xi)  Machinery and plant, used in semi-conductor industry covering all integrated circuits (ICs) (excluding hybrid integrated circuits) ranging from small scale integration (SSI) to large scale integration/very large scale integration (LSI/VLSI) as also discrete semi-conductor devices such as diodes, transistors, thyristors, triacs, etc., other than those covered by entries (viii), (ix) and (x) of this sub-item and sub-item (8) below 40 30 30
(xia) Life saving medical equipment, being—
(a)  D.C. Defibrillators for internal use and pace makers  

 

 

 

 

 

 

 

 

40†

 

 

 

 

 

 

 

 

 

40

 

 

 

 

 

 

 

 

 

40

(b)  Haemodialysors
(c)  Heart lung machine
(d)  Cobalt Therapy Unit
(e)  Colour Doppler
(f)  SPECT Gamma Camera
(g)  Vascular Angiography System including Digital subtraction Angiography
(h)  Ventilator used with anaesthesia apparatus
(i)  Magnetic Resonance Imaging System
(j)  Surgical Laser
(k)  Ventilators other than those used with anaesthesia
(l)  Gamma knife
(m)  Bone Marrow Transplant Equipment including silastic long standing intravenous catheters for chemotherapy
(n)  Fibreoptic endoscopes including Paediatric resectoscope/audit resectoscope, Peritoneoscopes, Arthoscope, Microlaryngoscope, Fibreoptic Flexible Nasal Pharyngo Bronchoscope, Fibreoptic Flexible Laryngo Bronchoscope, Video Laryngo Bronchoscope and Video Oesophago Gastroscope, Stroboscope, Fibreoptic Flexible Oesophago Gastroscope
(o)  Laparoscope (single incision)
(4)  Containers made of glass or plastic used as re-fills 50 50 40
(5)  Computers including computer software [See note 7 below the Table] 60 60 40
(6)  Machinery and plant, used in weaving, processing and garment sector of textile industry, which is purchased under TUFS on or after the 1st day of April, 2001 but before the 1st day of April, 2004 and is put to use before the 1st day of April, 2004 [See Note 8 below the Table] 50 50 40
(7)  Machinery and plant, acquired and installed on or after the 1st day of September, 2002 in a water supply project or a water treatment system and which is put to use for the purpose of business of providing infrastructure facility under clause (i) of sub-section (4) of section 80-IA [See Notes 4 and 9 below the Table] 40 40 40
(8)  (i) Wooden parts used in artificial silk manufacturing machinerye. 40 40 40
(ii)  Cinematograph films – bulbs of studio lights 40 40 40
(iii)  Match factories – Wooden match frames 40 40 40
(iv)  Mines and quarries :
(a)  Tubs, winding ropes, haulage ropes and sand stowing pipes 40 40 40
(b)  Safety lamps
(v)  Salt works – Salt pans, reservoirs and condensers, etc., made of earthy, sandy or clayey material or any other similar material 40 40 40
(vi)  Flour mills – Rollers 80 80 40
(vii)  Iron and steel industry – Rolling mill rolls 80 80 40
(viii)  Sugar works – Rollers 80 80 40
(ix)  Energy saving devices, being—
A. Specialised boilers and furnaces:
(a)  Ignifluid/fluidized bed boilers  

 

80

 

 

80

 

 

40

(b)  Flameless furnaces and continuous pusher type furnaces
(c)  Fluidized bed type heat treatment furnaces
(d)  High efficiency boilers (thermal efficiency higher than 75 per cent in case of coal fired and 80 per cent in case of oil/gas fired boilers)
B. Instrumentation and monitoring system for monitoring energy flows:
(a)  Automatic electrical load monitoring systems  

 

 

80

 

 

 

80

 

 

 

40

(b)  Digital heat loss meters
(c)  Micro-processor based control systems
(d)  Infra-red thermography
(e)  Meters for measuring heat losses, furnace oil flow, steam flow, electric energy and power factor meters
(f)  Maximum demand indicator and clamp on power meters
(g)  Exhaust gases analyser
(h)  Fuel oil pump test bench
C. Waste heat recovery equipment:
(a)  Economisers and feed water heaters  

80

 

 

 

80

 

 

 

40

 

 

(b)  Recuperators and air pre-heaters
(c)  Heat pumps
(d)  Thermal energy wheel for high and low temperature waste heat recovery
D. Co-generation systems:
(a)  Back pressure pass out, controlled extraction, extraction-cum-condensing turbines for co-generation along with pressure boilers 80

 

 

80

 

 

40

 

 

(b)  Vapour absorption refrigeration systems
(c)  Organic rankine cycle power systems
(d)  Low inlet pressure small steam turbines
E. Electrical equipment:
(a)  Shunt capacitors and synchronous condenser systems  

 

 

 

 

 

 

80

 

 

 

 

 

 

 

80

 

 

 

 

 

 

 

40

(b)  Automatic power cut off devices (relays) mounted on individual motors
(c)  Automatic voltage controller
(d)  Power factor controller for AC motors
(e)  Solid state devices for controlling motor speeds
(f)  Thermally energy-efficient stenters (which require 800 or less kilocalories of heat to evaporate one kilogram of water)
(g)  Series compensation equipment
(h)  Flexible AC Transmission (FACT) devices – Thyristor controlled series compensation equipment
(i)  Time of Day (ToD) energy meters
(j)  Equipment to establish transmission highways for National Power Grid to facilitate transfer of surplus power of one region to the deficient region
(k)  Remote terminal units/intelligent electronic devices, computer hardware/software, router/bridges, other required equipment and associated communication systems for supervisory control and data acquisition systems, energy management systems and distribution management systems for power transmission systems
(l)  Special energy meters for Availability Based Tariff (ABT)
F. Burners:
(a)  0 to 10 per cent excess air burners  

80

 

 

80

 

 

40

 

(b)  Emulsion burners
(c)  Burners using air with high pre-heat temperature (above 300°C)
G. Other equipment:
(a)  Wet air oxidation equipment for recovery of chemicals and heat  

 

 

80

 

 

 

80

 

 

 

40

(b)  Mechanical vapour recompressors
(c)  Thin film evaporators
(d)  Automatic micro-processor based load demand controllers
(e)  Coal based producer gas plants
(f)  Fluid drives and fluid couplings
(g)  Turbo charges/super-charges
(h)  Sealed radiation sources for radiation processing plants
f.(x) Gas cylinders including valves and regulators 80 60 40
(xi)  Glass manufacturing concerns – Direct fire glass melting furnaces 80 60 40
g.(xii) Mineral oil concerns:
(a)  Plant used in field operations (above ground) distribution – Returnable packages  

80

 

60

 

40

(b)  Plant used in field operations (below ground), but not including kerbside pumps including underground tanks and fittings used in field operations (distribution) by mineral oil concerns
(xiii)  Renewal energy devices being—
(a)  Flat plate solar collectors  

 

 

 

 

 

 

 

 

 

80

 

 

 

 

 

 

 

 

 

 

80

 

 

 

 

 

 

 

 

 

 

40

(b)  Concentrating and pipe type solar collectors
(c)  Solar cookers
(d)  Solar water heaters and systems
(e)  Air/gas/fluid heating systems
(f)  Solar crop driers and systems
(g)  Solar refrigeration, cold storages and air-conditioning systems
(h)  Solar steels and desalination systems
(i)  Solar power generating systems
(j)  Solar pumps based on solar-thermal and solar-photovoltaic conversion
(k)  Solar-photovoltaic modules and panels for water pumping and other applications
(l)  Windmills and any specially designed devices which run on wind-mills installed on or before March 31, 2012
(m)  Any special devices including electric generators and pumps running on wind energy installed on or before March 31, 2012
(n)  Biogas plant and biogas engines
(o)  Electrically operated vehicles including battery powered or fuel-cell powered vehicles
(p)  Agricultural and municipal waste conversion devices producing energy
(q)  Equipment for utilising ocean waste and thermal energy
(r)  Machinery and plant used in the manufacture of any of the above sub-items
(9)  (i) Books owned by assessees carrying on a profession—
(a)  Books, being annual publications 40 40 40
(b)  Books, other than those covered by entry (a) above 60 60 40
(ii)  Books owned by assessees carrying on business in running lending libraries 40 40 40
IV. SHIPS
(1)  Ocean-going ships including dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging purposes and fishing vessels with wooden hull 25 20 20
(2)  Vessels ordinarily operating on inland waters, not covered by sub-item (3) below 25 20 20
(3)  Vessels ordinarily operating on inland waters being speed boats [See Note 10 below the Table] 25 20 20
PART B
INTANGIBLE ASSETS
Know-how, patents, copyrights, trademarks, licences, franchises or any other business or commercial rights of similar nature 25 25 25

Notes –

a. Jeeps are classifiable as motor cars — Crompton Engg. Co. (Madras) Ltd. v. CIT [1992] 193 ITR 483 (Mad.)/CAIT v. Good Hope Enterprises [1992] 197 ITR 236 (Ker.).

b. Trucks primarily used for assessee’s own business and occasionally let out on hire will not fall under this entry unless assessee carries on a business of running them on hire—CIT v. Manjeet Stone Co. [1991] 190 ITR 183 (Raj.); Vehicles plying between fixed points for carriage of passengers fall under this entry—ITO v. Sarojini Transports (P.) Ltd. [1986] 17 ITD 1014 (Mad.); Mobile crane mounted on a lorry falls under this entry—Gujco Carriers v. CIT [2002] 122 Taxman 206 (Guj.); Rigs and Compressors mounted on a lorry do not fall under this item—CIT v. Popular Borewell Service [1992] 194 ITR 12 (Mad.); Motor vans are akin to motor lorries or motor buses—Circular No. 609, dated 29-7-1991/CIT v. Kodak Ltd. [1990] 181 ITR 275 (Bom.); Ambulance van falls under this entry—CIT v. Dr. K.R. Jayachandran [1995] 212 ITR 637 (Ker.); Air-conditioned vehicles fall under this entry—CIT v. Urmila Goel [1986] 52 CTR (Delhi) 276.

 c.  40 per cent if conditions of rule 5(2) are satisfied.

 d.  Company manufacturing insulated wires and cables is not covered under this entry—CIT v. Falcon Wires (P.) Ltd. [1980] 123 ITR 427 (Mad.).

 e.  Machinery used for dyeing, bleaching and printing of cloth manufactured by some other person will not fall under this item—CIT v. Jaypee Dyeing House [1999] 239 ITR 418 (Bom.).

† Applicable from the assessment year 2004-05.

 f.  Mere fact that assessee sold some cylinders during the previous year will not convert the cylinders into stock-in-trade. The cylinders must be capable of containing gas, and there is no requirement that the cylinders must be filled with gas—Chawla Architects & Consultants (P.) Ltd. v. Asstt. CIT [1995] 54 ITD 330 (Bom.).

 g.  Petroleum company distributing gas for cooking purpose is a ‘mineral oil concern’—CIT v. Burmah Shell Oil Storage & Distribution Co. of India Ltd. [1978] 115 ITR 891 (Cal.); Vegetable oil is not a ‘mineral oil’—CIT v. Distillers Trading Corporation Ltd. [1982] 137 ITR 894 (Delhi).

Other Notes:

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

2. A building shall be deemed to be a building used mainly for residential purposes, if the built-up floor area thereof used for residential purposes is not less than sixty-six and two-third per cent of its total built-up floor area and shall include any such building in the factory premises.

3. In respect of any structure or work by way of renovation or improvement in or in relation to a building referred to in Explanation 1 of clause (ii) of sub-section (1) of section 32, the percentage to be applied will be the percentage specified against sub-item (1) or (2) of item I as may be appropriate to the class of building in or in relation to which the renovation or improvement is effected. Where the structure is constructed or the work is done by way of extension of any such building, the percentage to be applied would be such percentage as would be appropriate, as if the structure or work constituted a separate building.

4. Water treatment system includes system for desalination, demineralisation and purification of water.

5. “Electrical fittings” include electrical wiring, switches, sockets, other fittings and fans, 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 “maxi-cab”, “motor-cab”, “tractor” and “road-roller”. The expressions “heavy goods vehicle”, “heavy passenger motor vehicle”, “light motor vehicle”, “medium goods vehicle”, “medium passenger motor vehicle”, “maxi-cab”, “motor-cab”, “tractor” and “road-roller” shall have the meanings respectively as assigned to them in section 2 of the Motor Vehicles Act, 1988 (59 of 1988).

7. “Computer software” means any computer programme recorded on any disc, tape, perforated media or other information storage device.

8. “TUFS” means Technology Upgradation Fund Scheme announced by the Government of India in the form of a Resolution of the Ministry of Textiles vide No. 28/1/99-CTI of 31-3-1999.

9. Machinery and plant includes pipes needed for delivery from the source of supply of raw water to the plant and from the plant to the storage facility.

10. “Speed boat” means a motor boat driven by a high speed internal combustion engine capable of propelling the boat at a speed exceeding 24 kilometers 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.

11. Where an asset is put to use for less than 180 days in a previous year in which it is purchased, depreciation thereon shall be allowed at 50% of the depreciation allowable in respect of the block of asset comprising such asset.

12. Plant has been held to include:

  • movable partitions [Jarrold vs. John Good & Sons Ltd., 40 TC 681 (CA)]
  • sanitary & pipeline fitting [CIT vs. Taj Mahal Hotel, 82 ITR 44 (SC)]
  • ceiling and pedestal fans [CIT vs. Jagadees Chandran & Co., 75 ITR 697 (Mad.); Sundaram Motors Pvt. Ltd. vs. CIT, 71 ITR 587 (Mad.); CIT vs. Tarun Commercial Ltd., 151 ITR 75 (Guj)].
  • wells [CIT vs. Warner Hindustan Ltd., 117 ITR 15 (AP)].
  • hospital [CIT vs. Dr. B. Venkata Rao 111 Taxman 635 (SC)]. However, w.e.f. A.Y. 2004-05, it shall not include buildings, furniture and fittings.

13. Depreciation on assets acquired on hire purchase basis should be allowed to the hirer where the terms of the agreement provide that the equipment shall eventually become the property of the hirer or confer on the hirer an option to purchase the equipment [Circular No. 9 (R. Dis. No. 27(4) – IT/43), dated 23-3-1943].

14. Depreciation in respect of motor car manufactured outside India acquired on or after 28-2-1975 or before 1-4-2001 shall be allowed.

15. The claim of depreciation is mandatory w.e.f. A. Y. 2002-03 overriding Supreme Court’s decision in CIT vs. Mahendra Mills 109 Taxman 225 which held that the depreciation claim is optional.

16. Total depreciation allowable in the year of succession/ amalgamation/demerger, to predecessor/amalgamating/ demerged co. and successor/amalgamated/resulting co. is to be restricted to depreciation allowable as if succession/ amalgamation/demerger had not taken place, and such depreciation is to be apportioned on the basis of number of days usage by each of them.

17. Depreciation is allowable even on jointly owned assets.

18. Additional Depreciation @ 20% of actual cost of new machinery or plant (other than ships and aircrafts) acquired and installed after 31st March, 2005 by an assessee engaged in the business of manufacture or production of an article or thing shall be allowed on satisfying certain conditions.

19. No amortisation benefits u/s. 35A and 35AB can be claimed in respect of intangible assets.

20. In respect of depreciable assets employed in power projects, depreciation may be computed under the Straight Line Method on individual assets [Rule 5(1A)] — [Appendix IA]. Alternatively, the undertaking, may at its option, also claim depreciation at the normal rates (Rule 5(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, if the sale consideration.

– is less than WDV of such assets– Balance (i.e., WDV – sale consideration) can be claimed as depreciation, provided that such a deficiency is written off in the books.

– is in excess of the WDV — Excess (to the extent of the difference between actual cost and WDV will be taxable as Business profit and the balance as Capital Gains)

Depreciation rates for power generating units

(applicable from the assessment year 1998-99

Class of assets

Depreciation allowance as percentage of actual cost

(a)  Plant and Machinery in generating stations including plant foundations :—

 (i)  Hydro-electric

3.4

(ii)  Steam electric NHRS & Waste heat recovery Boilers/plants

7.84

(iii)  Diesel electric and Gas plant

8.24

(b)  Cooling towers and circulating water systems

7.84

(c)  Hydraulic works forming part of Hydro-electric system including :—

  (i)  Dams, spillways weirs, canals, reinforced concrete flumes and syphons

1.95

(ii)  Reinforced concrete pipelines and surge tanks steel pipelines, sluice gates, steel surge (tanks), hydraulic control valves and other hydraulic works.

3.4

(d)  Building and civil engineering works of permanent character, not mentioned above

 (i)  Office & showrooms

3.02

(ii)  Containing Thermo-electric generating plant

7.84

(iii)  Containing Hydro-electric generating plant

3.4

(iv)  Temporary erection such as wooden structures

33.4

(v)  Roads other than Kutcha roads

3.02

(vi)  Others

3.02

(e)  Transformers, transformer (Kiosk) sub-station equipment & other fixed apparatus (including plant foundations)

 (i)  Transformers (including foundations) having a rating of 100 kilo volt amperes and over

7.81

(ii)  Others

7.84

(f)  Switchgear including cable connections

7.84

(g)  Lightning arrestor :

 (i)  Station type

7.84

(ii)  Pole type

12.77

(iii)  Synchronous condenser

5.27

(h)  Batteries

33.4

 (i)  Underground cable including joint boxes and disconnectioned boxes

5.27

(ii)  Cable duct system

3.02

  (i)  Overhead lines including supports :

 (i)  Lines on fabricated steel operating at nominal voltages higher than 66 kilo volts

5.27

(ii)  Lines on steel supports operating at nominal voltages higher than 13.2 kilo volts but not exceeding 66 kilo volts

7.84

(iii)  Lines on steel or reinforced concrete supports

7.84

(iv)  Lines on treated wood supports

7.84

(j)  Meters

12.77

(k)  Self-propelled vehicles

33.40

(l)  Air-conditioning plants :

 (i)  Static

12.77

(ii)  Portable

33.40

(m)  (i) Office furniture and fittings

12.77

(ii)  Office equipments

12.77

(iii)  Internal wiring including fittings and apparatus

12.77

(iv)  Street light fittings

12.77

(n)  Apparatus let on hire

 (i)  Other than motors

33.4

(ii)  Motors

12.77

(o)  Communication equipment :

 (i)  Radio and high frequency carrier system

12.77

(ii)  Telephone lines and telephones

12.77

(p)  Any other assets not covered above

7.69

(Article updated on 08.05.2017)

Disclaimer: Please verify from the Relevant Act, Section and Rules at your end before relying on the above. We do not guarantee the correctness or accuracy of the above.

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Tags : income tax act (494) Rate Chart (62) section 32 (120)

117 responses to “Rates of Depreciation as Per Income Tax Act,1961”

  1. Anurag says:

    As per Reccner, the Rate of depreciation on computer from AY 17-18 is 40%
    While here its mentioned as 40% From AY 18-19

  2. jagdish prasad verma says:

    Activa3g
    Airconditioner
    Camera
    Computer A/c
    Fan
    Fax M/c A/c
    Furniture
    GCC LASER ENGRAVER
    Inverter
    MOTOR CYCLE
    Plant & Machinery
    Printer
    Telephone Instrument
    UPS SYSTEMS
    pales send me rate of depreciation on this assets

  3. Siddharth Phadke says:

    Hi. Isn’t the rate of Depreciation reduced in terms of Clause 2(b) of Income Tax (29th Amendment) Rules, 2016 issued through Notification dated 7th November, 2016? Apparently, all the rates of 50%, 60%, 80% and 100% are brought down to 40% only. Please clarify.

  4. Shree Kumar Kabra says:

    Dear Sir,

    As per clause 2(b) of Notification No. SO 3399(E) [No.103/2016 (F. No. 370142/29/2016 TPL)], dated 7-11-2016, in the New Appendix I, in the Table, for the rates of ” ‘50%’, ‘60%’, ‘80%’, ‘100%’ “, the rate of “40%” shall be substituted with effect from the 1st day of April, 2017.

    However, the table above does not incorporate the same. Will the said notification not apply?

    Regards,

    Shree Kumar Kabra

  5. G.Subramania Sarma says:

    Depreciation has been restricted for persons who opt of rate of taxation from 30% to 25% (section 115BA(4) to a maximum of 40% where rate specified in the annexure is 40% and more. This requires to be kept in mind

  6. Manjunatha. N. E says:

    Sir, can furniture and fixtures be treated as plant and machinery, in Lodges. Since internal ambience without quality furniture and fixtures can not run Lodge business more profitably. Please advice.

  7. Dr raj kr singh says:

    Want to purchase a phaco machine for my wife worth 12.5 lacs.with a useful life of 5 years.after which it’s value will be zero.kindly let me know the depreciation benefit.thanks

  8. S.Chandrasekaran says:

    Eligible depreciation rate as per income tax act for Hydraulic Excavator running on Hire

  9. Ravikant Mahrshi says:

    Sir,
    I am civil contractor. In works we used so many hand tools & machine (welding set, shuttering sheets, vibrating machine etc., please let me know the rate of depreciation.

  10. Abhishek Agarwal says:

    can any one tell me what is the rate of depreciation on block cutter machine used in marble factories

  11. sanjeev says:

    For Insurance purpose the reinstatement cost of plant to be considered instead of purchase cost / historical price to avoid cash losses during the major claim

  12. Vinay Mangrulkar says:

    we have a bituminous plant purchased two years back worth 200 lakhs. please guide me how to calculate current net worth for insurance purpose. it was purchased in october 2012.

  13. anju sharma says:

    the rate of depreciation will be 15% under the head office equipment.

  14. chetan shah says:

    SIR

    We have purchased a new office whose construction completed and handover received in september 2015, we have started furniture and other work and would be moving by February. Please advise what are conditions required to be fulfilled for claiming depreciation on such office .. do we need to have it mentioned on license or like before we can claim depreciation ?

  15. KANHAIYA SINGH says:

    Sir,
    I have purchased Computer & Printer as on 24th Oct, 2014 then how to calculate depreciation rates of the F Y 2014-2015
    Please help
    its too urgent

  16. sunil sharma says:

    sir
    we have purchased ammonia gas cylinder in the f.y 2012-2013. pls advice me depreciation rate of the same

  17. seenappa M says:

    sir please advice me which amount to be consider for sale of fixed assets (shell we consider purchase value, written value, or realization value)

    please suggest me

    thanking your

    Seenappa M

  18. Ram prajapat says:

    We have purchased fire safty equipment in which head it will be covered and what shall be rate of depreciation..for IT Purpose

  19. Hitesh says:

    Please let me know about rate of depreciation for air conditioner used in office, will it covered under plant and machinery or furniture.

  20. Dilip says:

    i have purchases cc tv camera system in 16th May 2014. so, how to calculate depreciation on the f y 2014-15. pl help.

    regards,

    Dilip

  21. Pragati says:

    Sir,

    Pls let me know rate of depreciation applicable on printers.

  22. Pritesh Agrawal says:

    Thanks Your useful information
    but my question one of my client last 4 years he was given Truck Depreciation 15% not 30 % so whats position if case of case Scrutiny.

  23. rajashree says:

    can i knw de depreciation rate for Television????? as per Income tax act

  24. Arpan Nayak says:

    We have recently purchased 7 CCTV Cameras in our office premises for the security purpose. The whole set consists of LED Monitor, Sensor that stores all the footages, Mouse etc.

    Now what is confusing is whether the CCTV should be treated under block of Computers (60%), Plant & Machinery (15%) or Furniture & Electrical Fittings (10%)?

    Please advise aptly. I understand that there can be various perceptive opinions regarding the same issue.

  25. AMALA says:

    Got the idea about depreciation rates.Thank u tax guru

  26. mrudula says:

    what is depreciation rate for television

  27. anil thakur says:

    sir i am doing the business of gas cylinder refilling and charge the rate of depreciation @ 60% on cylinder .the case was select in income tax department for higher % of depreciation .in this situation how to handle the case and provide me case law

  28. Subhajit Naha Roy says:

    Please suggest me the procedure for calculating depreciation in the books of Individuals. Please reply as early as possible.

  29. Sumit says:

    what is the rate of depreciation of spy camera purchased by our company? is this a fixed asset. and why? Please solve my query.

  30. S K RATHI says:

    I am a senior citizen. I am planning to buy a new car for my personal use. I have a little an income from salary and & interest income. Am i entitled to claim depraction on the car under the income tax act. Please advice me as soon as possible. –

    Thanks

  31. vinod jain says:

    Req information for tax benefit on solar power project, i.e generation and street light system,

  32. audit says:

    whether air conditioners should be capitalised under office euipments or plant & machinery.

  33. Atul says:

    We are buying LED lights for our plant. What is the depreciation rate for LED?
    under which clause of Income tax?

  34. kavita meti says:

    Sir,
    please send me the depreciation rate as per income tax act and companies Act in excel format.

  35. ARPITHA says:

    will charge of 100% depreciation on wooden partition utilized in a clinic can be allowable state me with case study

  36. Sreehari KN says:

    Sir,

    Will fire and safety equipments come under general rate of depreciation , both under Income tax and Companies act…

    Please reply

  37. rahul says:

    what is the depreciation rate for CCTV Cameras as per IT act.?
    And in which block does it comes under..?

  38. chandrashekhar h mavintop says:

    I have purchased plant and machinery about two years ago. But the plant and machinery is only utilised for a period of 4 weeks less than 180 days. Please let me know whether any depreciation is eligible for the plant and machinery which is utilised for only 4 weeks and it is practically new,

  39. Rajesh Kumar says:

    Dear Sir,

    if we purchase computer on 21.03.2014 how much depreciation charge on it as per income tax act. because 60% depreciation charges if we used more than 180 days.

    thanks

  40. D.nagabhushan says:

    Sir,

    Please let me know whether sports items like bats and balls etc. can be classified under assets account and depreciation can be calculated.

  41. Suresh Dash says:

    Dear Sir,please tell me what is the rate of depreciation of hydraulic excavator crawler mounted engaged on hire basis.The excavator not required registration from RTO.THis is heavy earth moving equipment engaged in construction..

    With regards.

    Suresh Dash.
    Mobile No.+918584020999

  42. Saurabh Verma says:

    Is amortization of lease rights of leasehold land allowed in Income Tax Act(IT Act)?

    if yes, how will be show the difference in WDV as per ROC and as per IT Act in the computation of deferred tax asset / Liability. Because we cannot show the same in the Depreciation chart of IT Act as there is no specific rate given for the same and ITR-VI will not take this.

    please suggest me

    thanks & Regards,
    Saurabh Verma
    CA-Final Student

  43. CHHAVI RAI says:

    PLEAS SUGGEST THE RATE OF DEPRICIATION ON XEROX MACHINE USED FOROFFICIALPURPOSE.

    Thanks & Regards

  44. Sandeep Jha says:

    Sir,

    Kindly send me the date and notification no. for changed the rate of depreciation on Containers made of glass or plastic used as refills from 100% to 50%.

  45. MITHUN BEHERA says:

    Rate of Depreciation on Lab rotary equipment of a residential educational institution.

    Please sent me the answer of the above question quickly, because now I am going to finalize the accounts of a college.

    Thanks

  46. Pooja chakave says:

    what is depriciation rate of the CCTV camera ?

  47. MANAN says:

    rate of depreciation for mobile?

  48. sudhir kamble says:

    pls mail me the rate of dep. on xerox machine

  49. Deepak Bisht says:

    i purchase a car rs.15 lac…for year 2012-2013. so plse charge of Dep.?

  50. Amar says:

    I purchased solar system for electricity at my building so i want to know that what i charge depreciation on that equipment and what is the tax benifit on that.

  51. somu says:

    i have purchased car how to claim depreciation and how many percentage

  52. lalit modi says:

    HOW DECIDE THAT RATE OF DEPRICIATION ON
    X-RAY ROOM
    HOSPITAL
    MULTIPLEX CINEMA HALL
    SINGLE SCREEN CINEMA HALL

    WHAT WE INCLUDED ABOVE IN PLANT OR BUILDING?

  53. Jay Parikh says:

    Car purchased on 1st January . Cost is Rs. 421921/-. Pls inf amount of depreciation.

  54. Ranjit Patra says:

    I would like to know a company having plan for setting up a grid intractive (5MW) solar power project in FY 13-14, whether they will be elligible for accelerated depriciation if so what is the rate% and this is available under which act of Income Tax.

    I will be happy if any body can provide me any notification copy on the above.

  55. Preethi.V says:

    I had a Question for you. What is the rate of depreciation for a generator purchased before 30.09.2012 by a non-corporate assessee?

  56. Preethi.V says:

    I Had A question for You. What is the rate of depreciation for the generator purchased before 30/09/2012 by a Non-corporate assesee?

  57. Dhaval Nathwani says:

    Hello Sir,

    We have got the notification from Income Tax regarding Wind Mill Installation, Stating
    CBDT has amended the income tax rules to restrict the depreciation allowed on windmills installed after 1 April, 2012 to 15 %. This was 80% for the windmills installed on or before 31st March, 2012.

    My question is If you see the above statement it is contradictory in first statement they are saying wind mill Installed after 1 April, 2012 to 15 % and in next statement they are saying, This was 80% for the windmills installed on or before 31st March, 2012.

    So Sir for our accounting purpose should we take a deduction for Depreciation of 80% or 15%, as we have purchased wind mill on 31/03/2010 date please advise.

    Thanking you

    Regards,

  58. Rajesh Ranjan says:

    I would like to know the depreciation cost of the Laptop as on June 2012, which purchased in March 2011 at the coast of Rs. 70,000/-. Pls help

  59. chetan bhargav says:

    I am a senior citizen. I have purchased a new car for my personal use. I am not doing any business and am dependent on interst income. Am i entitled to claim depraction on the car under the income tax act. Please advice me as soon as possible.
    Thanking you,
    Ravi Bhargav

    • G.Subramania Sarma says:

      Depreciation is an allowance which is available for persons/entities having income from business or profession. Since you are not engaged in business activity and may not have income from business or profession,depreciation on car may not be available

  60. alok jain says:

    Dear sir,

    plz send me depreciation rate in Excel format

    Thanks

    Alok jain

  61. Money jain says:

    what is the depreciation rate on fire fighting equipments?

  62. C. YARRAIAH - 0 99499 88998. 95055 08265 says:

    we have hospital building with lift, generators, escalators, transformer, air conditioners, electrical fittings, cctv, stp. can we show all these items under building or we need to show seperately?
    as per income tax act for the purpose of deprecaition.
    pl advise

  63. khushi says:

    I Want to required all details of those assets are applicable or not applicable for Depreciation(with Current Rate)?

  64. bhanu says:

    I Want to required all details of those assets are applicable or not applicable for Depreciation(with Current Rate)?

  65. Paresh says:

    need the depreciation rate according to income tax act and companies act in excel sheet on every assets and how to calculate .

  66. ANIL KUMAR.V.K says:

    I Want to required all details of those assets are applicable or not applicable for Depreciation(with Current Rate)?

  67. sc rawat says:

    w e are a partnership firm – natre of business training & development, since november 2011.   partners are A  and B, the business is being carried out from a (other wise vacant) residential house jointly owned by A & C (C is husband of A and is in govt service, the family lives in govt accomodation).   Half portion of the the house along with the furniture and fittings, is exclusively used for the business of the firm, remaining half is lying vacant. can the firm claim depreciation on 50 % of 50 %  on the value of the assets (50 % being share of  A and  50 % being the property in use by the firm .  please advise. the  house and the furniture etc were bought in the year  2002  rawat

  68. Abhay Yadav says:

    What would be the depreciation rate to be taken in the case of books owned by college.

  69. Anjali Devraj says:

    i need the depreciation rate according to income tax act and companies act in excel sheet on every assets and how to calculate to it…………

  70. b senapati says:

    Sir,
    My company purchased a car on 4/2/2005 which is being used by me for Rs 324431\- . What will be its depreciation value as per Income tax rules as on 04/02/2008?

    Can you send the reply?
    Thanks,

  71. SACHIN NALAWADE says:

    Respected Sir /Madam

    I Want to required all details of those assets are applicable or not applicable for Depreciation(with Current Rate)

  72. Preetam Singh says:

    hi Sir/Mem
    I Want To understand the depreciation So plz sir Some knowledge provide me.

  73. Dipak Mehta says:

    Dear Sir, shall i kknow from which year the rate of depreciation changed from 33.33% to 25% on plant & machinary? please consider my request.Thank You.

  74. Dipak Mehta says:

    shall i know from which year the rate of depreciation changed from 33.33% to 25% on plant and machinery? please consider my request.

  75. shree says:

    how to calculate the actual amount of fixed assets, actual balance sheet amount is 1,50,000/- i don’t know 10 % how it calculate i want actual 10 % depreciation amount please suggest me sir

  76. Md Mobarak Hussain says:

    Dear sir ,

    pls explain me how to calculate the depreciation ….

    and pls explain what is the difference between IT Depreciation & Company Act Depreciation and which is better..

    pls reply soon

  77. Purnachandra Prasad says:

    Can we claim depreciation for a lease hold land ?
    Please reply

    Thanks
    Prasad

  78. NEERAJ UPPAL says:

    Please send me rates of depreciation for the Financila Year 2010-11 & All rates of VAT & VAT 24 Form

    Thanking You

    NEERAJ UPPAL
    GURDASPUR

  79. mansi says:

    if i am a sports professional:

    a. Which return would i use – ITR 4?
    b. my sports equipments would be classified as assets
    c. what rate of depreciation would apply on same

  80. ajay rai says:

    sir,

    plz send vat form 24 and vat charge on tractors.

  81. ajay rai says:

    tractors/spares ka vat percentage kya hai.

  82. dinesh says:

    depreciation rate as per income tax law on fire fighting equipments

  83. Abhijit roy says:

    Please tell me the rate of depreciation of computer , as we know the depreciation rate is 33.33%.

  84. vilas gondal says:

    What is the highest rate of Depreciation under Income Tax and for what items?
    please give chart

  85. pavithra says:

    Please replay me the rare of depreciation on star one hair in yellow board

  86. k nand kishore says:

    I learnt some where in books relating to Taxation in India that in case the value of depreciable asset is Rs. 5000 or less depreciation can be claimed @ 100 % regardless of the category of the depreciable asset. Can any one give a detailed clarification on this particular aspect of depreciation ?

  87. Shraddha says:

    Please confirm the rate of depreciation for Plant & Machinery used in manufacture of Solar Panel. Is it 80%

  88. Sudarshan Kale says:

    please send depriciation excel format sir (A Y 2011-12)

  89. k kalirajan says:

    I’m K.Kalirajan from Trichirapalli, Tamil nadu . Interested to instaingl Solar Air conditioner for my home. When I refer internet, benefit of income tax thro 100% depreciation is shown by some companies.. Is it for individual also?
    Kindly clarify, if i install solar A/c for my home, am I eligible to claim this benefit?

  90. Chandan Chaudhary says:

    please send the formula of calculate interest of RD Monthly Deposit

  91. vipin says:

    in case of schools what will be the depreciation rate for sports items and books and periodicals for the A.Y. 2010-11

  92. rama says:

    what is the benefit of accelerated dep for a new biomass power company.
    what is its effect on tariff if any.

    • kumar says:

      Refer,
      Your state Biomass tariff schedule given by the concerned Renewable Dept.There you will get the details of Accelerated Depreciation information.

  93. Purvi says:

    Dear Sir,

    At the time of Sell of any Fixed Asset we have to take depriciated value as pe Co’s act or as per Imcome tax act?

    Is there any accounting practice that we have to maintain depriciation as per co’s act as well as as per income tax.

    Kindly suggest.

    Thanks & Regards.

  94. malathesh says:

    Dear Sir,
    Please reply me about the rate of depreciation on new factory building & plant & machinery under partnership act, extensionof unit,
    thanking you,
    with regards
    n.k.malathesh

  95. MANISH says:

    wht rate of depriciation be charged on library books in case of college or trust?

    • Vivek Sharma says:

      If library is being used for business and profession, then 60% depreciation can be claimed . In case of periodicals 100 depreciation can be used.

  96. Rohit Kumar says:

    Pls send me format in excel sheet for depreciation calculation and how to calculate

  97. rahul says:

    please send me all fixassets depriciation rate for assessment year 2010-2011

  98. vinod says:

    please send depriciation excel format sir

  99. bhawna says:

    can you tell me celing fans will come under furnitures or in office equipments.tell the rates of dep plz.

  100. PANKAJ KR NIMESH says:

    HOW DECIDE THAT RATE OF DEPRICIATION (COMPUTER DEP. 60%)

  101. Amit Sharma says:

    Dear Sir

    Please send me p.f calculation sheet in excel format.

    Thans

  102. Amit Sharma says:

    Dear sir

    Pls send me format in excel sheet for depreciation calculation and how to calculate

    Thanks

  103. Amit Sharma says:

    Sir

    I have a passenger cng auto i want to know that how is depriciation rate on it.

    Thans

  104. Shraddha Rao says:

    Please inform me the tax suitabilities for the manufacturer of LED products where by the buyer is able to save power by more than 60%.
    reply ASAP.

  105. Uttam says:

    Pls send me format in excel sheet for depreciation calculation and how to calculate

  106. KN.MUTHIAH says:

    Windmills are eligible for Accelerated depreciation at 80%.Presently if you want to get generation based incentive you are not eligible to claim accelerated depreciation.
    In this situation what is the normal rate of depreciation allowable for WINDMILLS.

    Kindly give your advice and I will be thankful.

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