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 rates chart as per Income Tax Act for 2013-14

Cinematograph films- bulbs of studio lights. Windnig ropesTubeshaulage ropes and sand stowing pipes, and safety lamps used in mines and quarries. Comments are not for promoting your articles or other sites. Assets depreciafion bifurcated in five classes as under for the purpose of Depreciation as per Income Act. Blocks of assets are defined based on rates of depreciation of respective block. Service Tax in Tally.

Depreciation rates chart as per Income Tax Act for | HubPages

Neo post franking machine. Tramways electric and Tramways run by internal combustion engines-permanent ways: Depreciation Rates as per Companies Act for A. 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 atx 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.


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Water pollution, Air Pollution control equipment, control equipment, solid waste control equipment, solid waste recycling and resource recovery systems.

See Note 6 below the Table. Know-how, patents, copyrights, trademarks, licences, franchisees or any other business or commercial rights of similar nature. A Specialised bollers and furnaces. These rates are totally different from the ones you use in Income Tax Act, so don’t get confused. C Waste heat recovery equipments: You can use this to streamline signing up for, or signing in to your Hubpages account. HubPages Tutorials and Community. Then he can claim dep.

Depreciation rate for fy 2011-12

Wireless apparatus and gear, wireless appliances and accessories. No data is shared unless you engage with this feature. Notwithstanding anything mentioned in this Schedule, depreciation on assets, whose actual cost does repreciation exceed five thousand rupees, shall be provided at the rate of hundred percent: Depreciation Is charged if asset can be used, i.


Books for Saving Taxes.

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And not file 44AE Presumptive basis. Hydraulic works pipelines and sluices. This is used to display charts and graphs on articles and the author center. Of asset under- Lease- a If lessee has done a capital exp. Save Income Tax in India Epr.

Provided that where a.t.2012-13 aggregate actual cost of individual items of plant and machinery costing Rs. There are total 13 different rates of depreciation hence there are total 13 Blocks of assets. ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Otherwise, only lessor can claim dep. Non-consent will result in ComScore only processing obfuscated personal data.