X

Rates of Depreciation as Per Income Tax Act,1961

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:–Tangible Assets being buildings, machinery, plant or furniture;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 depreciation's is prescribed.

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 to 2017-18 and 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

Also Read-

Income Tax Depreciation Rate Chart from Financial Year 2002-03 to 2017-18 and onwards

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 100 100 (40 For A.Y. 2017-18) 40
(4)  Purely temporary erections such as wooden structures 100 100 (40 For A.Y. 2017-18) 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 For A.Y. 2017-18) 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 For A.Y. 2017-18) 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 For A.Y. 2017-18) 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 For A.Y. 2017-18) 40
d.(vii) Moulds used in rubber and plastic goods factories 40 30 30
(viii)  Air pollution control equipment, being—
(a)  Electrostatic precipitation systems  

 

100

 

 

100 (40 For A.Y. 2017-18)

 

 

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  

 

 

 

 

 

100

 

 

 

 

 

 

100 (40 For A.Y. 2017-18)

 

 

 

 

 

 

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 100 100 (40 For A.Y. 2017-18) 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 For A.Y. 2017-18) 40
(5)  Computers including computer software [See note 7 below the Table] 60 60 (40 For A.Y. 2017-18) 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 For A.Y. 2017-18) 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 For A.Y. 2017-18) 40
(8)  (i) Wooden parts used in artificial silk manufacturing machinerye. 100 100 (40 For A.Y. 2017-18) 40
(ii)  Cinematograph films – bulbs of studio lights
(iii)  Match factories – Wooden match frames
(iv)  Mines and quarries :
(a)  Tubs, winding ropes, haulage ropes and sand stowing pipes
(b)  Safety lamps
(v)  Salt works – Salt pans, reservoirs and condensers, etc., made of earthy, sandy or clayey material or any other similar material
(vi)  Flour mills – Rollers 80 80 (40 For A.Y. 2017-18) 40
(vii)  Iron and steel industry – Rolling mill rolls
(viii)  Sugar works – Rollers
(ix)  Energy saving devices, being—
A. Specialised boilers and furnaces:
(a)  Ignifluid/fluidized bed boilers  

 

80

 

 

80 (40 For A.Y. 2017-18)

 

 

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 For A.Y. 2017-18)

 

 

 

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 For A.Y. 2017-18)

 

 

 

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 For A.Y. 2017-18)

 

 

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 For A.Y. 2017-18)

 

 

 

 

 

 

 

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 For A.Y. 2017-18)

 

 

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 For A.Y. 2017-18)

 

 

 

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 For A.Y. 2017-18) 40
(xi)  Glass manufacturing concerns – Direct fire glass melting furnaces
g.(xii) Mineral oil concerns:
(a)  Plant used in field operations (above ground) distribution – Returnable packages  

80

 

60 (40 For A.Y. 2017-18)

 

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
(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  

 

 

 

 

 

 

 

 

 

80

 

 

 

 

 

 

 

 

 

 

80 (40 For A.Y. 2017-18)

 

 

 

 

 

 

 

 

 

 

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 100 100 (40 For A.Y. 2017-18) 40
(b)  Books, other than those covered by entry (a) above 60 60 (40 For A.Y. 2017-18) 40
(ii)  Books owned by assessees carrying on business in running lending libraries 100 100 (40 For A.Y. 2017-18) 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 04.05.2018)

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.

Categories: Income Tax

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