DEPRECIATION RATES AS PER INCOME TAX ACT FOR A.Y.2012-13 PDF

April 17, 2019 posted by

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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Overhead cables and wires. Some articles have Vimeo videos embedded in them. Books, Literature, and Writing. 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 pe constituted a separate building.

Any profit is simply taxable as business profit. My name is swadesh. To provide a better website experience, hubpages. Your email address will not be published. These rates are totally different from the ones you use in Income Tax Act, so don’t get confused. Taxability under the Income tax act Machinery Used in the.

In year of sale of asset. Games, Toys, and Hobbies. Know the right rates before preparing your books.

Depreciation Rate Chart on Fixed Assets of Income Tax Act

Hydraulic works pipelines and sluices. This is used to identify particular browsers or devices when the access the service, and is used for security reasons. Electrical machinery-switchgear and instruments, transformers and other stationary plant and wiring and fitting of electric light and fans installation. Other than Residential buildings not covered in Block No. Thanks a lot for the time you invested in reading my hub. This is used to collect data on traffic to articles and other pages on our site.

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HubPages Tutorials and Community. Motor cars other than those used in a business of running them on hire. Water pollution, Air Pollution control equipment, control equipment, solid waste control equipment, solid waste recycling and resource recovery systems. Purely temporary erections such as wooden structures. See Note 6 below the Table. Mineral oil concerns- field operations: Refrigeration plant container, etc other than racks.

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.

Politics and Social Issues. Vessels ordinarily operating on inland waters, not covered in below items. Meaning of Tax and Types of Tax in India. Dear Friends, today we have to discuss about the depreciation rate chart which is calculated on the inome assets as per the income tax act.

Sign in or sign up and post using a HubPages Network account. On his assets leased. Cinematograph films- bulbs of studio lights.

This is feature allows you to search the site. Know-how, patents, copyrights, trademarks, licences, franchisees or any other business or commercial rights of depreciaiton nature. Thyristor controlled series compensation equipment.

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Depreciation is the amount which is deducted from the fixed assets annual on a specified percentage. All Residential buildings except hotels and boarding houses. And not file 44AE Presumptive basis.

Moulds used in plastic and rubber factories. National Power Grid to facilitate. Glass or Plastic containers used as re-fills.

Depreciation rate as per income tax

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Of asset under- Lease- a Rqtes lessee has done a capital exp. Other product and company names shown may be trademarks of their respective owners. This website uses cookies As a user in the EEA, your approval is needed on a few things.

Where, during any financial incoome, 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 ad 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.

Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. Otherwise, only lessor can claim dep.