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Rates of Depreciation as Per Income Tax Act, 1961

This comprehensive guide provides information on the rates of depreciation applicable for income tax purposes from the assessment year 2003-04 onwards. Depreciation is an essential factor in calculating taxable income for businesses and individuals owning assets. Rates of Depreciation as Per Income Tax Act, 1961 listed here cover various tangible and intangible assets, helping taxpayers understand the allowed Rates of Depreciation as per the Income Tax Act.

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 2002-03 onwards

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

Rates are also been updated with Notification No. 69/2019-Income Tax Dated 20th September, 2019 by which Depreciation Rate on Motor Car was changed.

Depreciation

Also Read-

Chart of Rates of depreciation (for income-tax) AS APPLICABLE FROM THE ASSESSMENT YEAR 2003-04 ONWARDS

Block of assets

 Depreciation allowance as percentage of written down value
  AYs 2003-04 to 2005-06 AY 2006-07 to AY 2017-18 AY 2018-19  onwards
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 100 100 40
(4)  Purely temporary erections such as wooden structures 100 100 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 : [See Note 5A below the Table] 25 15 15
(2)   (i) Motor cars, other than those used in a business of running them on hire, acquired or put to use on or after the 1st day of April, 1990 except those covered under entry (ii); 20 15 15
   (ii) Motor cars, other than those used in a business of running them on hire, acquired on or after the 23rd day of August, 2019 but before the 1st day of April, 2020 and is put to use before the 1st day of April, 2020. – – 30
(3)  (i) Aeroplanes – Aeroengines 40 40 40
(ii)  (a) Motor buses, motor lorries and motor taxis used in a business of running them on hire other than those covered under entry (b). 40 30 30
  (b) Motor buses, motor lorries and motor taxis used in a business of running them on hire, acquired on or after the 23rd day of August, 2019 but before the 1st day of April, 2020 and is put to use before the 1st day of April, 2020. – – 45
 (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
 (vii)  Moulds used in rubber and plastic goods factories 40 30 30
(viii)  Air pollution control equipment, being—      
(a)  Electrostatic precipitation systems      
(b)  Felt-filter systems      
(c)  Dust collector systems 100 100 40
(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      
(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 100 100 40
(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 100 100 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      
(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 [See Note 5B] 40 40 40
(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] 100 100 40
(8)  (i) Wooden parts used in artificial silk manufacturing machinery 100 100 40
(ii)  Cinematograph films – bulbs of studio lights 100 100 40
(iii)  Match factories – Wooden match frames 100 100 40
(iv)  Mines and quarries :      
(a)  Tubs, winding ropes, haulage ropes and sand stowing pipes 100 100  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 100 100 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      
(b)  Flameless furnaces and continuous pusher type furnaces      
(c)  Fluidized bed type heat treatment furnaces 80 80 40
(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      
(b)  Digital heat loss meters      
(c)  Micro-processor based control systems      
(d)  Infra-red thermography 80 80 40
(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      
(b)  Recuperators and air pre-heaters 80 80 40
(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      
(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 80 80 40
(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      
(b)  Emulsion burners 80 80 40
(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      
(b)  Mechanical vapour recompressors      
(c)  Thin film evaporators      
(d)  Automatic micro-processor based load demand controllers 80 80 40
(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      
(x) Gas cylinders including valves and regulators 80 60 40
(xi)  Glass manufacturing concerns – Direct fire glass melting furnaces 80 60 40
(xii) Mineral oil concerns:      
(a)  Plant used in field operations (above ground) distribution – Returnable packages      
(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 80 60 40
(c)  Oil wells not covered in clauses (a) and (b) (with effect from the assessment year 2016-17) – 15 15
(xiii)  Renewal energy devices being—      
(a)  Flat plate solar collectors      
(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 80 80 40
(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 100 100 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 100 100 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 not being goodwill of business or profession 25 25 25

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.

5A. Rate of depreciation shall be 40% if conditions of Rule 5(2) are satisfied.

5B. Applicable from the Assessment year 2004-05.

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.

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

Notes.—

1. “Factory buildings” does not include offices, godowns, staff quarters.

2. 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.

3. The following information shall also be disclosed in the accounts, namely:—

(i)  depreciation methods used; and

(ii)  the useful lives of the assets for computing depreciation, if they are different from the life specified in the Schedule.

4. Useful life specified in Part C of the Schedule is for whole of the asset. Where cost of a part of the asset is significant to total cost of the asset and useful life of that part is different from the useful life of the remaining asset, useful life of that significant part shall be determined separately.

5.  5[***]

6. The useful lives of assets working on shift basis have been specified in the Schedule based on their single shift working. Except for assets in respect of which no extra shift depreciation is permitted (indicated by NESD in Part C above), if an asset is used for any time during the year for double shift, the depreciation will increase by 50% for that period and in case of the triple shift the depreciation shall be calculated on the basis of 100% for that period.

7.  From the date this Schedule comes into effect, the carrying amount of the asset as on that date—

(a)  shall be depreciated over the remaining useful life of the asset as per this Schedule;

(b)  after retaining the residual value, shall be recognised in the opening balance of retained earnings where the remaining useful life of an asset is nil.

8. “Continuous process plant” means a plant which is required and designed to operate for twenty-four hours a day.

[As amended by Finance Act, 2023]

(Republished with Amendment, Source -Income Tax Website)

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148 Comments

  1. 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.

      Reply
  3. 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

      Reply
  4. 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.

      Reply
  6. 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 ?

      Reply
  8. 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

      Reply
  10. 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

      Reply
  12. 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.

      Reply
  13. 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

      Reply
  15. 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.

      Reply
  17. 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.

      Reply
  20. 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

      Reply
  21. Subhajit Naha Roy says:

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

      Reply
  23. 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

      Reply
  32. 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,

      Reply
  33. 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

      Reply
  34. 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.

      Reply
  35. 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

      Reply
  36. 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

      Reply
  38. 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%.

      Reply
  39. 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

      Reply
  44. 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.

      Reply
  46. 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?

      Reply
  48. 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.

      Reply

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