Sign In
x

The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail.

The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts.

Continue >
© This is the official website of Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, Government of India.
ask 1800 180 1961/ 1961
  2. About Us
  3. Citizen's Charter
  4. Forms/Downloads
  5. Taxpayer Services
  6. Helplines
  7. Feedback
  8. I AM
  9. I NEED
  10. PAN
  11. RETURNS
  12. CHALLANS

​​​​​​​​​​​​​​​​​​​​​

 

 

Depreciation rates2321While 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.9/6/2017 11:40:27 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 2205http://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts ＆ Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}401d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in
Ascertainment of depreciation1445657/1/2014 3:22:59 PM349 shall be the 64 [amount of depreciation on assets] as shown by the books of the or destroyed for any reason before depreciation of such asset has been provided for in http://www.incometaxindia.gov.in/Acts/Companies Act, 1956htmlFalsehtmActCompanies Act, 1956350VIMANAGEMENT AND ADMINISTRATION{13896cd1-2b32-4ec2-8593-d8603ef8120d}388711d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in
Depreciation14804711/15/2016 6:35:32 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 40http://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}9711d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in5
RATES OF DEPRECIATION1451747/1/2014 9:25:38 PMNature of assets   Single Shift Double Shift Triple Shift WDV SLM WDV SLM WDV SLM (c) PURELY TEMPORARY ERECTIONS such as wooden structures   100% 100 http://www.incometaxindia.gov.in/Acts/Companies Act, 1956htmlFalsehtmActCompanies Act, 1956SCH XIVSCHEDULESSCHEDULES{13896cd1-2b32-4ec2-8593-d8603ef8120d}458191d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in
depreciation-other-assets-calculator611467/10/2017 1:12:11 PMThe Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail http://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7251d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in
Depreciation.3242686/13/2014 5:26:37 PM(1) For the purposes of computing depreciation under clause (iv) of section 115VL, the depreciation for the first previous year of the (a )  the book written down value of http://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2011htmlFalsehtmActIncome-tax Act, 1961115VKCHAPTER XIIGSpecial provisions relating to income of shipping companies2011{13896cd1-2b32-4ec2-8593-d8603ef8120d}104821d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in
Depreciation3249066/13/2014 8:22:39 PMb)        if the unabsorbed depreciation allowance cannot be wholly so set off, the amount of unabsorbed depreciation allow­ance not so set off shall be http://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/1997htmlFalsehtmActIncome-tax Act, 196132Chapter IVComputation of total income1997{13896cd1-2b32-4ec2-8593-d8603ef8120d}286431d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in
USEFUL LIVES TO COMPUTE DEPRECIATION1414545/4/2017 5:43:21 AM1. Depreciation is the systematic allocation of the depreciable amount of an asset over Government shall be applied in calculating the depreciation to be provided for such asset http://www.incometaxindia.gov.in/Acts/Companies Act, 2013htmlFalsehtmActCompanies Act, 2013Schedule IISCHEDULESSCHEDULES{13896cd1-2b32-4ec2-8593-d8603ef8120d}390981d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in
Depreciation3168896/13/2014 5:20:12 PM(1) In respect of depreciation of buildings, machinery, plant or furniture owned by the the amount of the allowance for depreciation for the following previous year and deemed http://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/1990htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVCOMPUTATION OF TOTAL INCOME1990{13896cd1-2b32-4ec2-8593-d8603ef8120d}97591d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in
Depreciation2939149/5/2014 1:57:31 PM(1) In respect of depreciation of buildings, machinery, plant or furniture owned by the to the amount of the allowance for depreciation for the following previous year and deemed http://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/1962htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVCOMPUTATION OF TOTAL INCOME1962{13896cd1-2b32-4ec2-8593-d8603ef8120d}514151d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in