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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.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 406173https://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 22647https://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7261d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Circular No. 2/201812379092/15/2018 4:41:35 PMDated, 15 th of February, 2018 EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2017 CIRCULAR NO. 2/2018, DATED THE Disallowance of depreciation under section 32 and capital 20402https://www.incometaxindia.gov.in/Communications/CircularpdfFalsepdfCircular2018-02-14T20:30:00.0000000Z2018Circular No. 2/2018​{8f5119bc-7835-4673-bf0f-3474ae9bd9c6}118761d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Budget Speech8435442/1/2018 9:37:32 AM Budget 201 8-201 9 Speech of Arun Jaitley Minister of Finance February 1, 201 8 Section I Governance, Economy and Development Madam Speaker, 1. I rise to present the Budget 19643https://www.incometaxindia.gov.in/Budgets and Bills/2018pdfFalsepdfBudgetFINANCE BILL2018{cc9cf5ca-a3ec-47f9-b55f-ca7b4cfdd77f}4751d5e35f4-95b1-4705-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 7656https://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}9711d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in5
Depreciation11898626/6/2015 10:18:44 AM(i)  buildings, machinery, plant or furniture, being tangible assets that the aggregate deduction, in respect of depreciation of buildings, machinery, plant or 2300https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2015htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVComputation of total income2015{13896cd1-2b32-4ec2-8593-d8603ef8120d}550031d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Tax Calculators​​​​6761897/27/2017 4:31:26 PMThe Income Tax Department NEVER asks for your PIN numbers, passwords or similar access employee and lease charge of furniture or 10% depreciation of furniture as the case may be 1249948https://www.incometaxindia.gov.in/Pages/Forms/AllItems.aspxhtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}6271d5e35f4-95b1-4705-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 114855https://www.incometaxindia.gov.in/Pages/Forms/AllItems.aspxhtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}4351d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-791614/2/2018 4:33:08 PM(Please see Rule 12 of the Income-tax Rules,1962 Is there any change in the name If yes, please furnish the old name Limited Liability Partnership Identification Number (LLPIN 41469https://www.incometaxindia.gov.in/Forms/Income-Tax Rules/2018pdfFalsepdfFormIncome-tax RulesITR-52018{9cb610e6-fe06-4f0f-a1f8-6be8abb7512c}5621d5e35f4-95b1-4705-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 99846https://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