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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See Note 6 below the Table. There are total 13 different rates of depreciation hence there are total 13 Blocks of assets. Thyristor controlled series compensation equipment. This supports the Maven widget and search functionality. 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: Books, Literature, and Writing.

Assets are bifurcated in five classes as under for the purpose of Depreciation as per Income Act. This is used to detect comment spam.

Cinematograph films- bulbs of studio lights. Glass or Plastic containers used as re-fills. For more information on managing or withdrawing consents and deprediation we handle data, visit our Privacy Policy at: The following information should also be disclosed in the accounts: Rate on truck Whose has less then 10 truck carry on Transport business And file a return on sec.


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You can take deprediation out or take PDF version by selecting rows for all entries and clicking on respective option which is available at the end of post. You can use this to streamline signing up for, or signing in to your Hubpages account.


Motor cars other than those used in a business of running them on hire. Overhead cables and wires. We partner with Say Media to deliver ad campaigns on our sites. Some articles have YouTube videos embedded in them. We may use remarketing pixels from advertising networks depreciatino as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. Any profit is simply taxable as taax profit.

Vessels ordinarily operating on inland waters, not covered in below items.

Other product and company names shown may be trademarks of their respective owners. Please choose which areas of our service you consent to our doing so. So, Go have a Quick look Some articles have Vimeo videos embedded in them. Service Tax in Tally. In case of amalgamation, merger etc. Oncome, Toys, and Hobbies.

Depreciation Rates as per Companies Act for A. Where the structure is constructed or the work is done by way of extension of any such building ,the percentage to be applied would be such percentage as would be appropriate, as if the structure or work constituted a separate building.


Windnig ropesTubeshaulage ropes and sand stowing pipes, and safety lamps used in mines and quarries. Depreciation is allowed even if it is not claimed by the assesse.

Energy saving and renewal energy devices, Rollers used in flour mills and sugar works, Rolling mill rolls used in iron and steel industry.

Depreciation Rate Chart on Fixed Assets of Income Tax Act

Books owned by assesses carrying on business in running lending libraries. Continuous process plant means a plant which is required and designed to operate. National Power Grid to facilitate. No data is shared unless you engage with this feature.

Blocks of assets are defined based on rates of depreciation of respective block. Neo post franking machine. This is an ad network. Refrigeration plant depreciaation, etc other than racks.

Dear Friends, today we have to discuss about the depreciation rate chart which is calculated on the fixed assets as per the income tax act.

This website uses cookies As a user in the EEA, your approval is needed on a few things. Depreciation under Income Tax Act. This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles.

Commercial vehicle acquired on or after 01st Oct, but before 01st Apr, and is put to used before 01st Apr, for purpose of Business or Profession B or P.