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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.3/25/2019 5:17:12 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 563810https://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 machinery7556544/15/2019 11:37:03 AMDepreciation at full rate, Depreciation at half rate Additional Depreciation at 36682https://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7261d5e35f4-95b1-4705-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 1114https://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
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 10972https://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}9711d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in5
direct-taxes-code-2013-310320146909673/31/2014 3:57:37 PMIncome not included in the total income Computation of income from ordinary sources Apportionment of income between spouses governed by Determination of initial depreciation 9683https://www.incometaxindia.gov.in/Documents/Forms/AllItems.aspxpdfFalsepdf{6da74bef-4aea-484a-a870-02587928d7dc}201d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
e-brochure6909725/2/2005 12:44:12 PMGovernment of India has chalked out the National e-Governance Action-Plan for implementation of various e-Governance initiatives Depreciation rates TDS Rates Computation of tax 3616https://www.incometaxindia.gov.in/Documents/Forms/AllItems.aspxpdfFalsepdf{6da74bef-4aea-484a-a870-02587928d7dc}1581d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
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 231799https://www.incometaxindia.gov.in/Pages/Forms/AllItems.aspxhtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}4351d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Circular No. 109, dated 20-03-19738314927/16/2014 9:32:07 PMNORMAL DEPRECIATION UP TO 1969-70 - Non-seasonal factory was entitled to no depreciation unless it worked for more than 30 85https://www.incometaxindia.gov.in/Communications/CircularhtmlFalsehtmCircular1973-03-19T18:30:00.0000000Z1973109{8f5119bc-7835-4673-bf0f-3474ae9bd9c6}3811d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Accounting for Taxes on Income8724516/25/2018 11:39:53 AMwould be charged to the statement of profit and loss as depreciation over its useful life 8. Unabsorbed depreciation and carry forward of losses which can be set-off against 74https://www.incometaxindia.gov.in/Rules/Companies (Accounting Standards) Rules, 2006/2009htmlFalsehtmRuleCompanies (Accounting Standards) Rules, 2006{f5d01c93-5528-4be1-b341-5dc3e9647425}3291d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.inAS 22
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 1069https://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