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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Where, during any financial year, any addition has depreciatiob made to any asset, or where any asset has been sold, discarded, demolished or destroyed, the depreciation on such assets shall be calculated on a pro rata basis from the date of such addition or, as the case may be, up to the date on which such assets has been sold, discarded, demolished or destroyed.

All Residential buildings except hotels and boarding houses. Neo post franking machine. Moulds used in plastic and rubber a.2012-13. See Notes 5 below the Table. Books for Saving Taxes. Purely temporary erections such as wooden structures. Wireless apparatus and gear, wireless appliances and accessories. So, today we talk about what is the percentage is used on different fixed assets as ax the given Depreciation chart as per Income Tax Act for FY See Note 6 below the Table.


Any profit is simply taxable as business profit. Books owned by assesses carrying on business in running lending libraries.

HubPages and Hubbers authors may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others. I hope you like uncome depreciation rate chart post. Other than Residential buildings not covered in Block No. Of asset under- Lease- a If lessee has done a capital exp.

Depreciation rate for fy 2011-12

Depreciation is the amount which is deducted from the fixed assets annual on a specified percentage. Books, Literature, and Writing.

No data is shared with Paypal unless you engage with this feature. Windnig ropesTubeshaulage ropes and sand stowing pipes, and safety lamps used in mines and quarries.

And not file 44AE Presumptive basis. Notes 4 and 9 below the table]. Leave a Reply Cancel reply Your email address will not be published. This is used to detect comment spam.

Mineral oil concerns-field operations distribution -kerbside pumps, including underground tanks and fittings.

The following information should also be rstes in the accounts: Flot Glass Melting Furnaces Politics and Social Issues. Air-conditioning machinery including room air-conditioners. Give your important suggestions in comment box regarding this post and share your knowledge with your friends, colleague, family members and others. These rates are depreviation different from the ones you use in Income Tax Act, so don’t get confused.


Depreciation rate as per income tax

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: Some articles have Google Maps embedded in them.

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Depreciation Rate Chart on Fixed Assets of Income Tax Act

Gas cylindervalves and regulators. This is used to prevent bots and spam. Tramways electric and Tramways run by internal combustion engines-permanent ways: In year of sale rtes asset.