Part DCA - Safe 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 rates under income tax rules set for buildings, machinery, vehicles, ships and intangible business rights. Prescribes the rates of depreciation admissible under the Income-tax Rules, 1962 for blocks of assets, effective from assessment year 2006-07 onwards. The table classifies tangible assets into buildings, furniture and fittings, machinery and plant, and ships, and intangible assets such as know-how, patents, copyrights, trademarks, licences, franchises and similar business or commercial rights. Different percentages of written down value apply to specified categories of assets, including residential and non-residential buildings, temporary erections, motor cars, public transport and commercial vehicles, pollution-control and energy-saving equipment, medical equipment, computers, textile machinery, renewable energy devices, books, vessels and ships.
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.
Provisions expressly mentioned in the judgment/order text.
Depreciation rates under income tax rules set for buildings, machinery, vehicles, ships and intangible business rights.
Prescribes the rates of depreciation admissible under the Income-tax Rules, 1962 for blocks of assets, effective from assessment year 2006-07 onwards. The table classifies tangible assets into buildings, furniture and fittings, machinery and plant, and ships, and intangible assets such as know-how, patents, copyrights, trademarks, licences, franchises and similar business or commercial rights. Different percentages of written down value apply to specified categories of assets, including residential and non-residential buildings, temporary erections, motor cars, public transport and commercial vehicles, pollution-control and energy-saving equipment, medical equipment, computers, textile machinery, renewable energy devices, books, vessels and ships.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
