INCOME TAX RATES (AY ) · INCOME TAX Depreciation as per Companies Act, RATES OF DEPRECIATION UNDER COMPANIES ACT. SCHEDULE XIV .. Rate Of Depreciation As Per Income Tax Act. AS APPLICABLE. RATES OF DEPRECIATION AS PER INCOME TAX ACT. Water pollution control equipment, being-. Air pollution control equipment, being-. Depreciation Rates Chart. As per Indian Income Tax Act, CLASS, BLOCK NUMBER, SUB ITEM NUMBER, ASSET TYPE, RATE OF DEPRECIATION.

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Books owned by assesses carrying on business in running lending libraries. Air-conditioning machinery including room air-conditioners.

Depreciation rates chart as per Income Tax Act for | HubPages

Depgeciation or Plastic containers used as re-fills. Know-how ,patents ,copyrights ,trademarks ,licences ,franchises. This service allows you to yax up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. The following information should also be disclosed in the accounts: Assets are bifurcated in five classes as under for the purpose of Depreciation as per Income Act.

So, Go have a Quick look Depreciation is the amount which is deducted from the fixed assets annual on a specified percentage. Overhead cables and wires.


This supports the Maven widget and search functionality. Know-how, patents, copyrights, trademarks, licences, franchisees or any other business or commercial rights of similar nature. Some articles gax YouTube videos embedded in them. No data is shared with Facebook unless you engage with this feature. Books owned by assesses pre on a professionbeing annual publications.

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Depreciation Rate Chart on Fixed Assets of Income Tax Act

Locomotives, rolling stocks, tramways and railways used by concerns. Tramways electric and Tramways run by internal combustion engines-permanent ways: This website fates cookies As a user in the EEA, your approval is needed on a few things. Taxability under the Income tax act Know the right rates before preparing your books.

Mineral oil concerns-field operations distribution -kerbside pumps, including underground tanks and fittings. Purely temporary erections such as wooden structures.

Depreciation rate as per income tax

Rate of depreciatrion in above the percentage of fixed assets and current assets plz send list overall. The calculations of the extra depreciation for double shift working and for triple shift working shall be made separately in the proportion while the number of days for which the concerned worked double shift or triple shift, number of working days during the year shall be deemed to be.


Motor cars other than those used in a business of running them on hire. This is an ad network.

Notwithstanding anything mentioned in this Schedule, depreciation on assets, whose actual cost does not exceed five thousand rupees, shall be provided at the rate of hundred percent: You can take print out or take PDF version by selecting rows for all entries and clicking on respective option which is available at the end of post.

Moulds used in plastic and rubber factories. There are total 13 different rates of depreciation hence there are total 13 Blocks of assets.

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Above table is very user-friendly and provide better navigation. Plant used in field operations.

Comments are not for promoting your articles or other sites. This is used to display charts and graphs on articles and the author center. This is used to identify particular browsers or devices when the access the service, tor is used for security reasons. That’s it from my side.