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Depreciation Rates as Per Income Tax Act &

Company Act
Depreciation plays a vital role in deciding the
taxable profits from business and profession. I am
fastening attach over here the depreciation rates
chart as per income tax act and depreciation rates
as per company act. For the layman, who encounter
hardship to comprehend the chart of depreciation
rates, depreciation rates in nutshell is also here. So
first let’s talk about some common doubt about the
depreciation.

New asset acquired and put to use for part of

the year at which rate is depreciation allowed.

Where an asset is acquired by the assessee during the

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previous year and put to use for the purposes of
business or profession for a period of less than 180
days in that previous year, the depreciation in respect
of such asset shall be restricted to 50 per ceent.

Vechicles are entitled for higher depreciation of 50%

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28-09-2010 Depreciation Rates | Rates of Depreci…
A higher depreciation rate of 50% has been provided on new commercial vehicles which are acquired on or
after 1.1.2009 but before 1-10-2009 and is put to use before 1-10-2009 for the purpose of business and
profession as the finance (No.2) Bill, 2009 the extension of 6 months was announced.

Sr.No. Particular of Assets Depreciation Rates

1 Building: 05

Residential 10

Factory

2 General Plant & Machinery 15

3 Motor Car 15
4 Motor Buses/Lorries Used in Hire 30
5 Computer including Software 60
6 Furniture 10
7 Patents, Know-How, Copyrights, Licenses etc. 25

Depreciation Rates as Per Income Tax Act

Depreciation Rates as Per Company Act

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28-09-2010 Depreciation Rates | Rates of Depreci…

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Tagged as: Depreciation Rates

{ 7 comments… read them below or add one }

Balram

Thanks for sent the depreciation rates.

Pls arrange the deductions of 80 to 80uu,

Balram

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28-09-2010 Depreciation Rates | Rates of Depreci…
Deductions of 80c to 80u briefly

santosh palande

what is depreciation rate if commercial vehicles purchase in April 2009 & March 2010.

Apurva

Please guide how to get depreciation rates as per Income Tax Act for the following
1)Mines And Querries
2)Mines and quarries-Portable
underground machinery and
earth-moving machinery used
in open caste mining
3)Mines and querries:
a) Surface and underground machinery (other than electrical machinery and portable underground
machinery)
b) Head-gears
c) 9[***]
d) Shafts and inclines
e) Tramway on surface
4) Jetties & dry docks
5)Vessels ordinarily operating
on inland waters-
Also both as per Companies Act as well as Income Tax Act for Helipad & Helipad Lighting System

pramod k jain

helo
at what rate depreciation on close cicuite cameras should be charged?

t.v.sashi kumar

hi
i would like to whether countervailing duty & special additional duty on import of machinery is eligible
capitalisation?

Syed Shabaz

Hi, What is the percentage of depreciation, how to calculate the depreciation as per Income Tax Act.

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