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ask 1800 180 1961/ 1961




Depreciation rates2321While 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.9/6/2017 11:40:27 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 39462 Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}401d5e35f4-95b1-4705-ad33-f92c024fd01c
Depreciation3298204/7/2017 3:41:18 PM(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 Act, 1961/2017htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVComputation of total income2017{13896cd1-2b32-4ec2-8593-d8603ef8120d}573111d5e35f4-95b1-4705-ad33-f92c024fd01c
Depreciation14804711/15/2016 6:35:32 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 677 RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}9711d5e35f4-95b1-4705-ad33-f92c024fd01c
USEFUL LIVES TO COMPUTE DEPRECIATION1414545/4/2017 5:43:21 AM1. Depreciation is the systematic allocation of the depreciable amount of an asset over Government shall be applied in calculating the depreciation to be provided for such asset 3 Act, 2013htmlFalsehtmActCompanies Act, 2013Schedule IISCHEDULESSCHEDULES{13896cd1-2b32-4ec2-8593-d8603ef8120d}390981d5e35f4-95b1-4705-ad33-f92c024fd01c
Depreciation3355074/7/2017 3:55:37 PM(1) For the purposes of computing depreciation under clause (iv) of section 115VL, the depreciation for the first previous year of the Act, 1961/2017htmlFalsehtmActIncome-tax Act, 1961115VKCHAPTER XIIGSpecial provisions relating to income of shipping companies2017{13896cd1-2b32-4ec2-8593-d8603ef8120d}576311d5e35f4-95b1-4705-ad33-f92c024fd01c
depreciation-other-assets-calculator611467/10/2017 1:12:11 PMThe 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 4{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7251d5e35f4-95b1-4705-ad33-f92c024fd01c
Ascertainment of depreciation1445657/1/2014 3:22:59 PM349 shall be the 64 [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 Act, 1956htmlFalsehtmActCompanies Act, 1956350VIMANAGEMENT AND ADMINISTRATION{13896cd1-2b32-4ec2-8593-d8603ef8120d}388711d5e35f4-95b1-4705-ad33-f92c024fd01c
RATES OF DEPRECIATION1451747/1/2014 9:25:38 PMNature of assets   Single Shift Double Shift Triple Shift WDV SLM WDV SLM WDV SLM (c) PURELY TEMPORARY ERECTIONS such as wooden structures   100% 100 3 Act, 1956htmlFalsehtmActCompanies Act, 1956SCH XIVSCHEDULESSCHEDULES{13896cd1-2b32-4ec2-8593-d8603ef8120d}458191d5e35f4-95b1-4705-ad33-f92c024fd01c
Notification No. 13 /2016 [F. No.142/33/2015-TPL] / SO 650(E)1378323/4/2016 12:26:29 PM[TO BE PUBLISHED IN THE GAZETTE in the TABLE OF RATES AT WHICH DEPRECIATION IS ADMISSIBLE, in PART A relating to TANGIBLE Depreciation allowance as percentage of written down value 54 No. 13 /2016 [F. No.142/33/2015-TPL] / SO 650(E){8f5119bc-7835-4673-bf0f-3474ae9bd9c6}113571d5e35f4-95b1-4705-ad33-f92c024fd01c
Depreciation3249066/13/2014 8:22:39 PMb)        if the unabsorbed depreciation allowance cannot be wholly so set off, the amount of unabsorbed depreciation allow­ance not so set off shall be Act, 1961/1997htmlFalsehtmActIncome-tax Act, 196132Chapter IVComputation of total income1997{13896cd1-2b32-4ec2-8593-d8603ef8120d}286431d5e35f4-95b1-4705-ad33-f92c024fd01c