Part DCASafe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC )
Depreciation rules on block assets, concessional tax regimes, and special 40% allowance for eligible technology-based machinery. Depreciation under Rule 5 is allowed on the written down value of a block of assets at the percentages in Appendix I, subject to a forty per cent cap for ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Depreciation rules on block assets, concessional tax regimes, and special 40% allowance for eligible technology-based machinery.
Depreciation under Rule 5 is allowed on the written down value of a block of assets at the percentages in Appendix I, subject to a forty per cent cap for specified taxpayers who have exercised concessional tax options. The rule also adjusts written down value where earlier depreciation or unabsorbed depreciation attributable to section 32(1)(iia) is not set off, prescribes depreciation on actual cost for certain assets under Appendix IA, and permits a qualifying power-generating undertaking to opt for the general depreciation rule. A special forty per cent rate applies to specified new machinery or plant using technology or know-how developed in recognised laboratories, subject to certification and other conditions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
