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ask 1800 180 1961/ 1961




Depreciation rates15066While 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.4/27/2020 7:29:18 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 590301 Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}401d5e35f4-95b1-4705-ad33-f92c024fd01c
Depreciation on plant and machinery3275614/15/2019 11:37:03 AMDepreciation at full rate, Depreciation at half rate Additional Depreciation at 81998{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7261d5e35f4-95b1-4705-ad33-f92c024fd01c
Allowances allowable to tax payer15060Income-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.4/27/2020 7:29:17 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 260185 Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}521d5e35f4-95b1-4705-ad33-f92c024fd01c
Tax Charts & Tables90089/12/2014 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 445186{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}4351d5e35f4-95b1-4705-ad33-f92c024fd01c
Depreciation3800287/5/2018 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 13258 RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}9711d5e35f4-95b1-4705-ad33-f92c024fd01c
Accounting for Fixed Assets4079416/25/2018 11:39:55 AMsince this subject is dealt with in Accounting Standard 6 on ‘Depreciation Accounting this amount is shown net of accumulated depreciation, it is termed as net book value (Accounting Standards) Rules, 2006/2009htmlFalsehtmRuleCompanies (Accounting Standards) Rules, 2006{f5d01c93-5528-4be1-b341-5dc3e9647425}3161d5e35f4-95b1-4705-ad33-f92c024fd01c 10
Tax rates​16771In this part you can gain knowledge about the normal tax rates applicable to different taxpayer. ​5/4/2020 12:00:58 PM[As amended by Finance Act, 2020] TAX RATES In this part you can gain knowledge about the normal tax rates applicable to different taxpayers For special tax rates applicable to 175553{903058ee-bf1e-4514-bbd4-e628472da78b}1011d5e35f4-95b1-4705-ad33-f92c024fd01c
Ascertainment of depreciation4009146/25/2018 11:11:11 AM4) of shall be the [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 3 Act, 1956htmlFalsehtmActCompanies Act, 1956350VIMANAGEMENT AND ADMINISTRATION{13896cd1-2b32-4ec2-8593-d8603ef8120d}388711d5e35f4-95b1-4705-ad33-f92c024fd01c
Notification No.18/2020 [F.No.IT(A)/1/2020-TPL]/SO 1129(E)3916983/19/2020 1:08:59 PMManner of computing disputed tax in cases where loss or unabsorbed depreciation is reduced to reduction in loss or unabsorbed depreciation to be carried forward under the Income-tax 5290 No.18/2020 [F.No.IT(A)/1/2020-TPL]/SO 1129(E){8f5119bc-7835-4673-bf0f-3474ae9bd9c6}122401d5e35f4-95b1-4705-ad33-f92c024fd01c
? Treatment of income from different sources 15079Each income has different source of earning and so the provisions for its taxability. Income-tax Act provides for five heads of incomes for computation of taxable income, viz., Salary, Income from House Property, Income from Business or Profession, Capital Gain and Residual Income. Provisions contained under each head of income for computation of taxable income have been discussed in this document.5/28/2020 5:59:45 AMI. Income under the head Salaries e) Fees, Commission, Perquisites, Profits in lieu of or in addition to Salary or Wages h) Annual accretion to the balance of Recognized Provident 28332 Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}611d5e35f4-95b1-4705-ad33-f92c024fd01c