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Depreciation rates5418 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.5/30/2021 8:07:05 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 40110https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}4036e9e09d-6d7e-4f5a-97d9-ae6ae6b49bb0https://www.incometaxindia.gov.in
Depreciation21984810/13/2020 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 797https://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}97136e9e09d-6d7e-4f5a-97d9-ae6ae6b49bb0https://www.incometaxindia.gov.in5
Depreciation5804756/13/2014 5:43:51 PM3https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/1991unknownFalsehtmActIncome-tax Act, 196132CHAPTER IVCOMPUTATION OF TOTAL INCOME1991{13896cd1-2b32-4ec2-8593-d8603ef8120d}1257136e9e09d-6d7e-4f5a-97d9-ae6ae6b49bb0https://www.incometaxindia.gov.in
Depreciation59386710/27/2020 3:09:35 PM(i)  buildings, machinery, plant or furniture, being tangible assets that the aggregate deduction, in respect of depreciation of buildings, machinery, plant or 143https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2015htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVComputation of total income2015{13896cd1-2b32-4ec2-8593-d8603ef8120d}5500336e9e09d-6d7e-4f5a-97d9-ae6ae6b49bb0https://www.incometaxindia.gov.in
Depreciation on plant and machinery505484/15/2019 11:37:03 AMDepreciation at full rate, Depreciation at half rate Additional Depreciation at 8006https://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}72636e9e09d-6d7e-4f5a-97d9-ae6ae6b49bb0https://www.incometaxindia.gov.in
Depreciation Accounting2964066/25/2018 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 9https://www.incometaxindia.gov.in/Rules/Companies (Accounting Standards) Rules, 2006/2009htmlFalsehtmRuleCompanies (Accounting Standards) Rules, 2006{f5d01c93-5528-4be1-b341-5dc3e9647425}34036e9e09d-6d7e-4f5a-97d9-ae6ae6b49bb0https://www.incometaxindia.gov.inAS 6
RATES OF DEPRECIATION4488226/25/2018 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 925https://www.incometaxindia.gov.in/Acts/Companies Act, 1956htmlFalsehtmActCompanies Act, 1956SCH XIVSCHEDULESSCHEDULES{13896cd1-2b32-4ec2-8593-d8603ef8120d}4581936e9e09d-6d7e-4f5a-97d9-ae6ae6b49bb0https://www.incometaxindia.gov.in
USEFUL LIVES TO COMPUTE DEPRECIATION4445066/28/2018 11:51:21 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 2098https://www.incometaxindia.gov.in/Acts/Companies Act, 2013htmlFalsehtmActCompanies Act, 2013Schedule IISCHEDULESSCHEDULES{13896cd1-2b32-4ec2-8593-d8603ef8120d}3909836e9e09d-6d7e-4f5a-97d9-ae6ae6b49bb0https://www.incometaxindia.gov.in
Depreciation59388010/27/2020 3:09:37 PM(1) For the purposes of computing depreciation under clause (iv) of section 115VL, the depreciation for the first previous year of the https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2015htmlFalsehtmActIncome-tax Act, 1961115VKCHAPTER XIIGSpecial provisions relating to income of shipping companies2015{13896cd1-2b32-4ec2-8593-d8603ef8120d}5535136e9e09d-6d7e-4f5a-97d9-ae6ae6b49bb0https://www.incometaxindia.gov.in
Depreciation5723278/5/2014 12:47:35 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 5https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/1971htmlFalsehtmActIncome-tax Act, 196132IVCOMPUTATION OF TOTAL INCOME1971{13896cd1-2b32-4ec2-8593-d8603ef8120d}3778236e9e09d-6d7e-4f5a-97d9-ae6ae6b49bb0https://www.incometaxindia.gov.in