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Depreciation rates37368While 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.10/4/2019 7:52:27 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 585752https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts ＆ Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}401d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
RATES OF DEPRECIATION4652706/25/2018 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 2659https://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
Statement of particulars required to be furnished under section 44AB of the Income-tax Act, 196130295712/20/2019 3:18:56 PMFORM NO. 3CD [See rule 6 G(2)] Statement Particulars of depreciation allowable as per the Income-tax Act, 1961 in respect of each (b) Rate of depreciation (e) Depreciation allowable 174359https://www.incometaxindia.gov.in/Forms/Income-Tax RulespdfFalsepdfFormIncome-tax Rules3CD{9cb610e6-fe06-4f0f-a1f8-6be8abb7512c}2151d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Section 44AE (practical)63097012/10/2013 2:17:15 PMAdvance Learning on Section 44AE (Practical Mr. Kumar is engaged in the business of plying, hiring or leasing of goods carriages and is owning 8 light goods vehicles 2646https://www.incometaxindia.gov.in/Documents/Students/LearningpdfFalsepdf{6da74bef-4aea-484a-a870-02587928d7dc}2031d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Tax Charts & Tables301749/12/2014 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 398767https://www.incometaxindia.gov.in/Pages/Forms/AllItems.aspxhtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}4351d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Computation of undisclosed income of the block period.6647818/27/2014 3:05:50 PM(a) where assessments under section 143 or section 144 or section 147 have been concluded year under Chapter VI or unabsorbed depreciation under sub-section (2) of section 32 shall 6https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2014htmlFalsehtmActIncome-tax Act, 1961158BBCHAPTER XIVBSpecial procedure for assessment of search cases2014{13896cd1-2b32-4ec2-8593-d8603ef8120d}508801d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Allowances allowable to tax payer37362Income-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.9/2/2019 11:10:39 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 259545https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts ＆ Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}521d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Set off and carry forward of losses under the Income-tax Law37971In this part you can gain knowledge about various provisions relating to set off and carry forward of losses under the Income-tax Law.​8/13/2019 10:32:55 AM[As amended by Finance (No. 2) Act, 2019] SET OFF AND CARRY FORWARD OF LOSS UNDER THE provisions are not applicable in case of unabsorbed depreciation (provisions relating to 148629https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial{903058ee-bf1e-4514-bbd4-e628472da78b}1031d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Depreciation on plant and machinery1198104/15/2019 11:37:03 AMDepreciation at full rate, Depreciation at half rate Additional Depreciation at 76450https://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}7261d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Ascertainment of depreciation4636786/25/2018 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