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
  1. Home
  2. About Us
  3. Citizen's Charter
  4. Forms/Downloads
  5. Taxpayer Services
  6. Publicity Campaign
  7. Contact us
  8. Feedback
  9. I AM
  10. I NEED
  11. PAN
  12. RETURNS
  13. CHALLANS

​​​​​​​​​​​​​​​​​​​​​

 

 

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.4/27/2018 12:49:37 PMRates 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 453199https://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 26804https://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7261d5e35f4-95b1-4705-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 8841https://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}9711d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in5
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 762https://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
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 149290https://www.incometaxindia.gov.in/Pages/Forms/AllItems.aspxhtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}4351d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Allowances allowable to tax payer678078Income-tax Act contains provisions for taxability of various allowances received by a taxpayer. These allowances are either in the nature of income which is exempt from tax or is an expenditure which provides weighted deductions to the taxpayer. This list gives a glimpse of tax treatment of various allowances available to a taxpayer.4/27/2018 6:21:28 AMAny allowance or perquisite paid or allowed by Government to its employees posted outside India Individual- Salaried Employee (being a citizen of India Allowances paid by the UNO to 245726https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts ＆ Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}521d5e35f4-95b1-4705-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.​4/26/2018 10:42:16 AM[As amended by Finance Act, 2018] SET OFF AND CARRY FORWARD OF LOSS UNDER THE INCOME-TAX ACT in case of unabsorbed depreciation (provisions relating to unabsorbed depreciation are 126803https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial{903058ee-bf1e-4514-bbd4-e628472da78b}1031d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
For individuals and HUFs having income from profits and gains of business or profession91594/2/2018 4:31:25 PMDate of Birth/Formation (DD/MM/YYYY Aadhaar Number (12 digit)/ Aadhaar Enrolment Id (28 digit) (if eligible for Aadhaar Employer Category (if in employment) (Tick Depreciation 110359https://www.incometaxindia.gov.in/Forms/Income-Tax Rules/2018pdfFalsepdfFormIncome-tax RulesITR-32018{9cb610e6-fe06-4f0f-a1f8-6be8abb7512c}5601d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
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 1713https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial{903058ee-bf1e-4514-bbd4-e628472da78b}731d5e35f4-95b1-4705-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 352https://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