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Tax Charts & Tables

Depreciation rates4266 While 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.6/15/2020 12:01:47 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 603359https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts ＆ Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}401d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Tax Charts & Tables36368/4/2020 11:52:47 AMbusiness or profession, a taxpayer can claim depreciation on all those assets which he has Different depreciation rates are prescribed for different nature of assets 474614https://www.incometaxindia.gov.in/Pages/Forms/AllItems.aspxhtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}4351d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Depreciation on plant and machinery93854/15/2019 11:37:03 AMDepreciation at full rate, Depreciation at half rate Additional Depreciation at 86600https://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7261d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Depreciation272197/5/2018 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 13444https://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}9711d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in5
Limitation periods4269 ​Income-tax Act provides various due dates and limitation periods for various compliances. The document will help you to know beforehand the upcoming compliances, so that you can make hassle free compliances with all provisions.6/16/2020 9:16:14 AMSection Nature of compliance Limitation of time Within 2 months from the end of each financial year 9A(5) Section 9A provides that fund management activity carried out by an 32288https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts ＆ Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}351d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Depreciation3641286/6/2015 10:18:44 AM6896https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2015unknownFalsehtmActIncome-tax Act, 196132CHAPTER IVComputation of total income2015{13896cd1-2b32-4ec2-8593-d8603ef8120d}550031d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Depreciation3711382/27/2019 9:14:31 AM(i) buildings, machinery, plant or furniture, being tangible assets (ii) in the case of any that the aggregate deduction, in respect of depreciation of buildings, machinery, plant or 10https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2018htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVComputation of total income2018{13896cd1-2b32-4ec2-8593-d8603ef8120d}584391d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
RATES OF DEPRECIATION966106/25/2018 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 2866https://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
Ascertainment of depreciation970776/25/2018 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 3https://www.incometaxindia.gov.in/Acts/Companies Act, 1956htmlFalsehtmActCompanies Act, 1956350VIMANAGEMENT AND ADMINISTRATION{13896cd1-2b32-4ec2-8593-d8603ef8120d}388711d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Set off and carry forward of losses under the Income-tax Law10235 In this part you can gain knowledge about various provisions relating to set off and carry forward of losses under the Income-tax Law.​4/14/2020 5:23:41 PM[As amended by Finance Act, 2020] SET OFF AND CARRY FORWARD OF LOSS UNDER THE INCOME-TAX ACT in case of unabsorbed depreciation (provisions relating to unabsorbed depreciation are 151038https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial{903058ee-bf1e-4514-bbd4-e628472da78b}1031d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in