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ask 1800 180 1961/ 1961

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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.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 9090https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}401d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Depreciation on plant and machinery7556541/25/2018 12:59:19 PMDepreciation at full rate, Depreciation at half rate Additional Depreciation at 452https://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7261d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Notification No. 61/2017 [F. No. 149/136/2014–TPL] / GSR 865(E)8430007/14/2017 3:28:03 PMII (i) 3 (v) सुवनवित दरालवयत्िों‍से‍वभन्न‍दरालवयत्िों‍कर‍पूरराल‍करने‍क े than those set apart towards depreciation; (iv) any amount representing provision for 351https://www.incometaxindia.gov.in/Communications/NotificationpdfFalsepdfNotification50CA2017-07-11T19:30:00.0000000Z2017Notification No. 61/2017 [F. No. 149/136/2014–TPL] / GSR 865(E){8f5119bc-7835-4673-bf0f-3474ae9bd9c6}118141d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Depreciation75457911/15/2016 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 165https://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}9711d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in5
Computation of Business Income (Practical)679338In this part you can gain practical knowledge about the provisions to be kept in mind while computing taxable business income.​9/8/2014 7:50:47 PMfor the purpose of computation of depreciation, individual identity of such asset is lost and, hence, in this situation depreciation on value of plant T is computed, even 42https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial{903058ee-bf1e-4514-bbd4-e628472da78b}731d5e35f4-95b1-4705-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.​7/26/2017 3:31:53 PM[As amended by Finance Act, 2017] SET OFF AND CARRY FORWARD OF LOSS UNDER THE INCOME-TAX ACT in case of unabsorbed depreciation (provisions relating to unabsorbed depreciation are 3409https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial{903058ee-bf1e-4514-bbd4-e628472da78b}1031d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Notification No. 103/2016 [F.No.370142/29/2016 -TPL] / SO 3399(E)84278011/9/2016 3:49:24 PM1) of section 32 in respect of depreciation of any block of assets entitled to more than shall be restricted to forty per cent on the written down value of such block of assets 971https://www.incometaxindia.gov.in/Communications/NotificationpdfFalsepdfNotification2016-11-06T21:30:00.0000000Z2016Notification No. 103/2016 [F.No.370142/29/2016 -TPL] / SO 3399(E){8f5119bc-7835-4673-bf0f-3474ae9bd9c6}116741d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Depreciation11914248/27/2014 2:50:38 PM(1) 66[In respect of depreciation of (i) buildings67, machinery67, plant or furniture that the aggregate deduction, in respect of depreciation of buildings, machinery, plant or 7https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2014htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVComputation of total income2014{13896cd1-2b32-4ec2-8593-d8603ef8120d}505141d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Notification No. 32/2017 [F.No. 370142/21/2016-TPL] / GSR 399(E)8428824/25/2017 4:57:52 PMनीरज क ु मार, अवर सिचव (कर नीित और िवधायन) ïटa पण : मूल िनयम भारत क े राजप¢, असाधारण than those set apart towards depreciation; (iv) any amount representing provision for 37https://www.incometaxindia.gov.in/Communications/NotificationpdfFalsepdfNotification2017-04-20T20:30:00.0000000Z2017Notification No. 32/2017 [F.No. 370142/21/2016-TPL] / GSR 399(E){8f5119bc-7835-4673-bf0f-3474ae9bd9c6}117771d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Tax free incomes679295Section 10 gives list of incomes which are exempt from tax. In this part you can gain knowledge about various incomes which are exempt from tax under section 10. 7/26/2017 3:05:40 PM[As amended by Finance Act, 2017] TAX-FREE INCOMES Agricultural Income [Section 10(1)] As per section 10(1), agricultural income earned by the taxpayer in India is exempt from 3265https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial{903058ee-bf1e-4514-bbd4-e628472da78b}1351d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in