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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Depreciation Rate Chart on Fixed Assets of Income Tax Act

There is a concept of block of assets. HubPages Tutorials and Community.

In case of amalgamation, merger etc. 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: Motor cars other than those used in a business of running them on hire.

Any profit is simply taxable as business profit. Otherwise, only lessor can claim dep. Aft as per Companies Act, This supports the Maven widget and search depreciqtion. This is used to detect comment spam.

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Depreciation Rates FY AV

Flot Glass Melting Furnaces Javascript software libraries such as jQuery are loaded at endpoints on the googleapis. Refrigeration plant container, etc other than racks.


Give your important suggestions in comment box regarding this post and share your knowledge with your a.y.22012-13, colleague, family members and others. Service Tax in Tally. 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. Depreciation is allowed even if it is not claimed by the assesse.

Overhead cables and wires. Of asset under- Lease- a If lessee has done a capital exp. Download Income Tax Return. Neo post franking machine. That’s it from my side. Taxability under the Income tax act No data is shared with Facebook unless you engage with this feature.

HubPages and Hubbers authors may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others. Where, during any financial year, any addition has been 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.

Glass or Plastic containers used as re-fills.

No data is shared unless you engage with this feature. This is feature allows you to search the site. Mineral oil concerns- field operations: Locomotives, rolling stocks, tramways and railways used by concerns. Plant used in field operations. So, Go have a Quick look Books, Literature, and Writing. Thanks a lot for the time you invested in reading my hub. Water pollution, Air Pollution control equipment, control equipment, solid waste control equipment, solid waste recycling and resource recovery systems.


Energy saving and renewal energy devices, Rollers used in flour mills and sugar works, Rolling mill rolls used in iron and steel industry. Some articles have Google Maps embedded in them. Depreciation Is charged if asset can be used, i. Depreciation is the amount which is deducted from the fixed assets annual on a specified percentage. Provided that where the aggregate actual cost of individual items of plant and machinery costing Rs.

Moulds used in plastic and rubber factories. Y in which it was put to use, then no T. Know-how, patents, copyrights, trademarks, licences, franchisees or any other business or commercial rights of similar nature. All detailed information at one place.


You can use this to streamline signing up for, or signing in to your Hubpages account. Meaning of Tax and Types of Tax in India. Hydraulic works pipelines and sluices.