Depreciation rates | 14460 | 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. | | 3/27/2023 4:48:44 PM | Rates 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 | 177390 | https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspx | html | False | htm | | Charts & Tables | | |32|123| | | | | |Income from Business|Profession| | | | | | | | 26b89a4f-398f-430e-bccf-2f9843f0620c | 40 | a70a4758-4931-403d-8a28-e1255b78386d | https://www.incometaxindia.gov.in | | |
Depreciation | 250665 | | | 3/19/2023 6:37:04 AM | 32 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 | 2537 | https://www.incometaxindia.gov.in/Rules/Income-Tax Rules | html | False | htm | | Rule | Income-tax Rules | |32| | | | | | | | | | | | f5d01c93-5528-4be1-b341-5dc3e9647425 | 971 | a70a4758-4931-403d-8a28-e1255b78386d | https://www.incometaxindia.gov.in | 5 | |
Depreciation on plant and machinery | 83749 | | | 4/15/2019 11:37:03 AM | Depreciation at full rate,
Depreciation at half rate
Additional Depreciation at | 14964 | https://www.incometaxindia.gov.in/Pages/tools | html | False | aspx | | | | | | | | | | | | | | | 5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1 | 726 | a70a4758-4931-403d-8a28-e1255b78386d | https://www.incometaxindia.gov.in | | |
Ascertainment of depreciation | 446731 | | | 7/1/2022 5:03:09 PM | 4) 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 | 4 | https://www.incometaxindia.gov.in/Acts/Companies Act, 1956 | html | False | htm | | Act | Companies Act, 1956 | 350 | VI | MANAGEMENT AND ADMINISTRATION | | | | | | | | | 13896cd1-2b32-4ec2-8593-d8603ef8120d | 38871 | a70a4758-4931-403d-8a28-e1255b78386d | https://www.incometaxindia.gov.in | | |
Depreciation. | 591086 | | | 7/2/2022 4:11:35 AM | (1) For the purposes of computing depreciation under clause (iv) of
section 115VL, the depreciation for the first previous year of the | 10 | https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2016 | html | False | htm | | Act | Income-tax Act, 1961 | 115VK | CHAPTER XIIG | Special provisions relating to income of shipping companies | | | | 2016 | | | | | 13896cd1-2b32-4ec2-8593-d8603ef8120d | 56598 | a70a4758-4931-403d-8a28-e1255b78386d | https://www.incometaxindia.gov.in | | |
Depreciation | 612153 | | | 7/1/2022 6:48:57 PM | (1) In respect of depreciation of buildings, machinery, plant or furniture owned by the to the amount of the allowance for depreciation for the following previous year and deemed | 2 | https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/1965 | html | False | htm | | Act | Income-tax Act, 1961 | 32 | CHAPTER IV | COMPUTATION OF TOTAL INCOME | | | | 1965 | | | | | 13896cd1-2b32-4ec2-8593-d8603ef8120d | 54371 | a70a4758-4931-403d-8a28-e1255b78386d | https://www.incometaxindia.gov.in | | |
Depreciation | 596229 | | | 7/1/2022 11:21:18 PM | (1) 58a[ In respect of depreciation of buildings, machinery, plant or furniture
owned 59 or furniture in respect of
which depreciation is claimed and allowed under clause (i | 4 | https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/1998 | html | False | htm | | Act | Income-tax Act, 1961 | 32 | Chapter IV | Computation of total income | | | | 1998 | | | | | 13896cd1-2b32-4ec2-8593-d8603ef8120d | 31201 | a70a4758-4931-403d-8a28-e1255b78386d | https://www.incometaxindia.gov.in | | |
Depreciation | 587425 | | | 7/2/2022 3:59:55 AM | (1) 66[In respect of depreciation of (i) buildings67, machinery67, plant or furniture that the aggregate deduction, in respect of depreciation of buildings, machinery, plant or | 176 | https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2014 | html | False | htm | | Act | Income-tax Act, 1961 | 32 | CHAPTER IV | Computation of total income | | | | 2014 | | | | | 13896cd1-2b32-4ec2-8593-d8603ef8120d | 50514 | a70a4758-4931-403d-8a28-e1255b78386d | https://www.incometaxindia.gov.in | | |
Depreciation | 581506 | | | 7/2/2022 2:36:02 AM | (1) 62[In
respect of depreciation of (i ) buildings 63,
machinery 63,
plant or the aggregate deduction, in respect of depreciation
of
buildings, machinery, plant or | 50 | https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2009 | html | False | htm | | Act | Income-tax Act, 1961 | 32 | Chapter IV | COMPUTATION OF TOTAL INCOME | | | | 2009 | | | | | 13896cd1-2b32-4ec2-8593-d8603ef8120d | 478 | a70a4758-4931-403d-8a28-e1255b78386d | https://www.incometaxindia.gov.in | | |
Depreciation | 583396 | | | 7/2/2022 1:56:43 AM | (1) 20[In
respect of depreciation of (i ) buildings 21,
machinery 21,
plant or the aggregate deduction, in respect of depreciation
of
buildings, machinery, plant or | 18 | https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2007 | html | False | htm | | Act | Income-tax Act, 1961 | 32 | Chapter IV | COMPUTATION OF TOTAL INCOME | | | | 2007 | | | | | 13896cd1-2b32-4ec2-8593-d8603ef8120d | 25893 | a70a4758-4931-403d-8a28-e1255b78386d | https://www.incometaxindia.gov.in | | |