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Depreciation rates14460 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 PMRates 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 177390https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts ＆ Tables|32|123||Income from Business|Profession|26b89a4f-398f-430e-bccf-2f9843f0620c40a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Depreciation2506653/19/2023 6:37:04 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 2537https://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules|32|f5d01c93-5528-4be1-b341-5dc3e9647425971a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in5
Depreciation on plant and machinery837494/15/2019 11:37:03 AMDepreciation at full rate, Depreciation at half rate Additional Depreciation at 14964https://www.incometaxindia.gov.in/Pages/toolshtmlFalseaspx5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1726a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Ascertainment of depreciation4467317/1/2022 5:03:09 PM4) 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 4https://www.incometaxindia.gov.in/Acts/Companies Act, 1956htmlFalsehtmActCompanies Act, 1956350VIMANAGEMENT AND ADMINISTRATION13896cd1-2b32-4ec2-8593-d8603ef8120d38871a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Depreciation.5910867/2/2022 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 10https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2016htmlFalsehtmActIncome-tax Act, 1961115VKCHAPTER XIIGSpecial provisions relating to income of shipping companies201613896cd1-2b32-4ec2-8593-d8603ef8120d56598a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Depreciation6121537/1/2022 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 2https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/1965htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVCOMPUTATION OF TOTAL INCOME196513896cd1-2b32-4ec2-8593-d8603ef8120d54371a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Depreciation5962297/1/2022 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 4https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/1998htmlFalsehtmActIncome-tax Act, 196132Chapter IVComputation of total income199813896cd1-2b32-4ec2-8593-d8603ef8120d31201a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Depreciation5874257/2/2022 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 176https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2014htmlFalsehtmActIncome-tax Act, 196132CHAPTER IVComputation of total income201413896cd1-2b32-4ec2-8593-d8603ef8120d50514a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Depreciation5815067/2/2022 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 50https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2009htmlFalsehtmActIncome-tax Act, 196132Chapter IVCOMPUTATION OF TOTAL INCOME200913896cd1-2b32-4ec2-8593-d8603ef8120d478a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Depreciation5833967/2/2022 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 18https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2007htmlFalsehtmActIncome-tax Act, 196132Chapter IVCOMPUTATION OF TOTAL INCOME200713896cd1-2b32-4ec2-8593-d8603ef8120d25893a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in