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.
Click to Wetelltagline
ask 1800 180 1961/ 1961
Click to ASK
  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 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 590301https://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 machinery3275614/15/2019 11:37:03 AMDepreciation at full rate, Depreciation at half rate Additional Depreciation at 81998https://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7261d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
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 260185https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts ＆ Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}521d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
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 445186https://www.incometaxindia.gov.in/Pages/Forms/AllItems.aspxhtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}4351d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
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 13258https://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}9711d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in5
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 https://www.incometaxindia.gov.in/Rules/Companies (Accounting Standards) Rules, 2006/2009htmlFalsehtmRuleCompanies (Accounting Standards) Rules, 2006{f5d01c93-5528-4be1-b341-5dc3e9647425}3161d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.inAS 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 175553https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial{903058ee-bf1e-4514-bbd4-e628472da78b}1011d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
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 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
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 5290https://www.incometaxindia.gov.in/Communications/NotificationpdfFalsepdfNotification2642020-03-18T02:30:00.0000000Z2020Notification No.18/2020 [F.No.IT(A)/1/2020-TPL]/SO 1129(E){8f5119bc-7835-4673-bf0f-3474ae9bd9c6}122401d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
? 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 28332https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts ＆ Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}611d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in