APPENDIX I - TABLE OF RATES AT WHICH DEPRECIATION IS ADMISSIBLE

Depreciation rates updated for asset classes, altering allowances across tangible and intangible assets under income tax rules.

Table prescribes statutory depreciation allowances by asset blocks under the income tax rules, categorising assets into tangible and intangible classes and assigning prescribed percentages for annual written down value allowances. Subdivisions identify specific asset subcategories (buildings, machinery and plant, vehicles, pollution and energy control equipment, computers, ships, and intangible commercial rights) with special rates and temporal conditions. Explanatory notes define asset scope, transitional applicability, scheme specific entries and cross references to governing provisions that determine eligibility and the applicable rate.