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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Asset is one which can give future benefits irrespective of the amt. This is used to collect data on traffic to articles and other pages on our site.

There is a concept of block of assets. Vessels ordinarily operating on inland waters, not covered in below items. No data is shared with Facebook unless you engage with tates feature. This is used to detect comment spam. No data is shared unless you engage with this feature.

Depreciation rates chart as per Income Tax Act for 2013-14

Air-conditioning machinery including room air-conditioners. Locomotives, rolling stocks, tramways and railways used by concerns.

Depreciation is allowed even if it is not claimed by the assesse.

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- a in the case of a seasonal factory or concern, the number of days on which the factory or concern actually worked during the year or days, whichever is greater; b in any other case, the number of days on which the factory or concern actually ratees during the year or days, whichever is greater.


Taxability under the Income tax act Politics and Social Issues. Other product and company names shown may be trademarks of their respective owners. National Power Grid to facilitate.

Water pollution, Air Pollution control equipment, control equipment, solid waste control equipment, solid waste recycling and resource recovery systems. Google provides ad serving technology and zct an ad network.

Service Tax in Tally. Know-how, patents, copyrights, trademarks, licences, franchisees or any other business or commercial rights of similar nature. Rate on truck Whose has taax then 10 truck carry on Transport business And pfr a return on sec.

Of asset under- Lease- a If lessee has done a capital exp. On his assets leased. We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.

Depreciation rate as per income tax

Assets are bifurcated in five classes as under for fof purpose of Depreciation as per Income Act. Glass or Plastic containers used as re-fills. Depreciation under Income Tax Act. Energy saving and renewal energy devices, Rollers used in flour mills and sugar works, Rolling mill rolls used in iron and steel industry.


Electrical machinery-switchgear and instruments, transformers and other stationary plant and wiring and fitting of electric light and fans tac. Please choose which areas of our service you consent to our doing so.

Depreciation rate as per income tax

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. Plant used in field operations. Notes 4 and 9 below the table]. Games, Toys, and Hobbies.

HubPages and Hubbers authors may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others. Meaning of Tax and Types of Tax in India. Thyristor controlled series compensation equipment.

Hydraulic works pipelines and sluices. Javascript software libraries inckme as jQuery are loaded at endpoints on the googleapis. 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: B Instrumentation and monitoring system for. Mineral oil concerns- field operations: This is an ad network.

Books, Literature, and Writing.