TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Depreciation Allowance Limited to 40% for Select Entities Under Rule 5 of Income Tax Rules, 1962</h1> Rule 5 of the Income Tax Rules, 1962, outlines the calculation of depreciation allowances for assets used in business or profession. Depreciation is calculated based on specified percentages of the written down value of asset blocks. The rule limits the depreciation allowance to 40% for certain entities, including domestic companies and individuals opting for specific tax regimes under sections 115BA, 115BAA, 115BAB, 115BAC, and 115BAD. It also provides conditions under which the written down value of assets can be adjusted for unabsorbed depreciation. Additional provisions address new machinery or plant installations using government-developed technology, allowing a 40% depreciation rate if certain conditions are met.
TaxTMI 
TaxTMI 
