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Depreciation rates36092 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.5/19/2022 11:13:15 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 75212https://incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}40e93ecc72-db73-4be0-b379-9d56639c4ed8https://incometaxindia.gov.in
Depreciation4860510/13/2020 9:08:22 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 1282https://incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}971e93ecc72-db73-4be0-b379-9d56639c4ed8https://incometaxindia.gov.in5
Depreciation8404977/19/2021 8:25:50 PM201https://incometaxindia.gov.in/Acts/Income-tax Act, 1961/2014unknownFalsehtmActIncome-tax Act, 196132CHAPTER IVComputation of total income2014{13896cd1-2b32-4ec2-8593-d8603ef8120d}50514e93ecc72-db73-4be0-b379-9d56639c4ed8https://incometaxindia.gov.in
Depreciation on plant and machinery267584/15/2019 11:37:03 AMDepreciation at full rate, Depreciation at half rate Additional Depreciation at 14730https://incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}726e93ecc72-db73-4be0-b379-9d56639c4ed8https://incometaxindia.gov.in
Depreciation Accounting5356666/25/2018 11:39:55 AM3.1 Depreciation is a measure of the wearing out, consumption or other loss of value of Depreciation is allocated so as to charge a fair proportion of the depreciable amount in 7https://incometaxindia.gov.in/Rules/Companies (Accounting Standards) Rules, 2006/2009htmlFalsehtmRuleCompanies (Accounting Standards) Rules, 2006{f5d01c93-5528-4be1-b341-5dc3e9647425}340e93ecc72-db73-4be0-b379-9d56639c4ed8https://incometaxindia.gov.inAS 6
RATES OF DEPRECIATION7886347/19/2021 12:02:30 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 2032https://incometaxindia.gov.in/Acts/Companies Act, 1956htmlFalsehtmActCompanies Act, 1956SCH XIVSCHEDULESSCHEDULES{13896cd1-2b32-4ec2-8593-d8603ef8120d}45819e93ecc72-db73-4be0-b379-9d56639c4ed8https://incometaxindia.gov.in
Depreciation8377967/19/2021 8:35:57 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 3https://incometaxindia.gov.in/Acts/Income-tax Act, 1961/2016htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVComputation of total income2016{13896cd1-2b32-4ec2-8593-d8603ef8120d}56271e93ecc72-db73-4be0-b379-9d56639c4ed8https://incometaxindia.gov.in
USEFUL LIVES TO COMPUTE DEPRECIATION7854397/19/2021 12:06:05 PM1. 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 4435https://incometaxindia.gov.in/Acts/Companies Act, 2013htmlFalsehtmActCompanies Act, 2013Schedule IISCHEDULESSCHEDULES{13896cd1-2b32-4ec2-8593-d8603ef8120d}39098e93ecc72-db73-4be0-b379-9d56639c4ed8https://incometaxindia.gov.in
Depreciation1247795/17/2022 1:59:03 PM(1) For the purposes of computing depreciation under clause (iv) of section 115VL, the depreciation for the first previous year of the https://incometaxindia.gov.in/Acts/Income-tax Act, 1961/2022htmlFalsehtmActIncome-tax Act, 1961115VKCHAPTER XIIGSpecial provisions relating to income of shipping companies2022{13896cd1-2b32-4ec2-8593-d8603ef8120d}72024e93ecc72-db73-4be0-b379-9d56639c4ed8https://incometaxindia.gov.in
Depreciation8100707/19/2021 1:49:37 PM(1) In respect of depreciation of buildings, machinery, plant or furniture owned by the to the building then, in respect of depreciation of such structure or work, the following https://incometaxindia.gov.in/Acts/Income-tax Act, 1961/1971htmlFalsehtmActIncome-tax Act, 196132IVCOMPUTATION OF TOTAL INCOME1971{13896cd1-2b32-4ec2-8593-d8603ef8120d}37782e93ecc72-db73-4be0-b379-9d56639c4ed8https://incometaxindia.gov.in