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Depreciation rates678084While computing profits and gains from business or profession, a taxpayer can claim depreciation on all those assets which he has acquired and used for the purpose of his business or profession. Different depreciation rates are prescribed for different nature of assets. This write up lists down all such depreciation rates.10/4/2019 7:52:27 AMRates of depreciation AS APPLICABLE FROM THE ASSESSMENT YEAR 2003-04 ONWARDS Depreciation allowance as percentage of written down value I. BUILDING [See Notes 1 to 4 below the Table 582241https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts ＆ Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}401d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
RATES OF DEPRECIATION8504296/25/2018 11:13:54 AMNature of assets   Single Shift Double Shift Triple Shift WDV SLM WDV SLM WDV SLM (c) PURELY TEMPORARY ERECTIONS such as wooden structures   100% 100 2477https://www.incometaxindia.gov.in/Acts/Companies Act, 1956htmlFalsehtmActCompanies Act, 1956SCH XIVSCHEDULESSCHEDULES{13896cd1-2b32-4ec2-8593-d8603ef8120d}458191d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Depreciation on plant and machinery7556544/15/2019 11:37:03 AMDepreciation at full rate, Depreciation at half rate Additional Depreciation at 68717https://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7261d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Circular No. 3/20178320961/27/2017 10:50:09 AMDated, the 20 th of January, 2017 EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2016 Extending the benefit of initial additional depreciation under section 15423https://www.incometaxindia.gov.in/Communications/CircularpdfFalsepdfCircular2017-01-19T21:30:00.0000000Z2017Circular No. 3/2017{8f5119bc-7835-4673-bf0f-3474ae9bd9c6}117281d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Circular No. 8/20185789712/26/2018 5:29:12 PMF. No. 370142/07/2018-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) **** CIRCULAR No.-Z/2018 Dated, the 26 th of December, 2018 15567https://www.incometaxindia.gov.in/Communications/CircularpdfFalsepdfCircular2018-12-26T02:30:00.0000000Z2018Circular No. 8/2018{8f5119bc-7835-4673-bf0f-3474ae9bd9c6}119851d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Depreciation7545797/5/2018 5:26:17 AM32 of the Act may, instead of the depreciation specified in Appendix IA, at its option, be allowed depreciation under sub-rule (1) read with Appendix I, if 12933https://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}9711d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in5
Tax Charts & Tables6761119/12/2014 1:10:55 PMbusiness or profession, a taxpayer can claim depreciation on all those assets which he has Different depreciation rates are prescribed for different nature of assets 336279https://www.incometaxindia.gov.in/Pages/Forms/AllItems.aspxhtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}4351d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Circular No. 2, dated 9-2-20018311777/16/2014 9:31:58 PMby the assessee and no claim for depreciation has been made in the return, the ITO should estimate the income without allowing depreciation allowance It was not open to the 1301https://www.incometaxindia.gov.in/Communications/CircularhtmlFalsehtmCircular2001-02-08T18:30:00.0000000Z20012{8f5119bc-7835-4673-bf0f-3474ae9bd9c6}3761d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Set off and carry forward of losses under the Income-tax Law679305In this part you can gain knowledge about various provisions relating to set off and carry forward of losses under the Income-tax Law.​8/13/2019 10:32:55 AM[As amended by Finance (No. 2) Act, 2019] SET OFF AND CARRY FORWARD OF LOSS UNDER THE provisions are not applicable in case of unabsorbed depreciation (provisions relating to 147137https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial{903058ee-bf1e-4514-bbd4-e628472da78b}1031d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Depreciation11848426/13/2014 6:22:30 PM(1) 18[In respect of depreciation of (i) buildings19, machinery19, plant or furniture that the aggregate deduction, in respect of depreciation of buildings, machinery, plant or 327https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2013htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVComputation of total income2013{13896cd1-2b32-4ec2-8593-d8603ef8120d}172411d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in