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 >
ask 1800 180 1961/ 1961

​​​​​​​​​​​​​​​​​​​​​

 

 

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 39462http://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}401d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in
Depreciation3298204/7/2017 3:41:18 PM(i) buildings, machinery, plant or furniture, being tangible assets (ii) in the case of any that the aggregate deduction, in respect of depreciation of buildings, machinery, plant or http://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2017htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVComputation of total income2017{13896cd1-2b32-4ec2-8593-d8603ef8120d}573111d5e35f4-95b1-4705-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 677http://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}9711d5e35f4-95b1-4705-ad33-f92c024fd01chttp://www.incometaxindia.gov.in5
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 3http://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
Depreciation3355074/7/2017 3:55:37 PM(1) For the purposes of computing depreciation under clause (iv) of section 115VL, the depreciation for the first previous year of the http://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2017htmlFalsehtmActIncome-tax Act, 1961115VKCHAPTER XIIGSpecial provisions relating to income of shipping companies2017{13896cd1-2b32-4ec2-8593-d8603ef8120d}576311d5e35f4-95b1-4705-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 4http://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7251d5e35f4-95b1-4705-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
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 3http://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
Notification No. 13 /2016 [F. No.142/33/2015-TPL] / SO 650(E)1378323/4/2016 12:26:29 PM[TO BE PUBLISHED IN THE GAZETTE in the TABLE OF RATES AT WHICH DEPRECIATION IS ADMISSIBLE, in PART A relating to TANGIBLE Depreciation allowance as percentage of written down value 54http://www.incometaxindia.gov.in/Communications/NotificationpdfFalsepdfNotification2016-03-03T09:30:00.0000000Z2016Notification No. 13 /2016 [F. No.142/33/2015-TPL] / SO 650(E){8f5119bc-7835-4673-bf0f-3474ae9bd9c6}113571d5e35f4-95b1-4705-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