Depreciation rates for asset classes under income-tax rules are set across generating plant, buildings, equipment, vehicles, and communications assets.

Prescribes the rates at which depreciation is admissible under the Income-Tax Rules, 2026 for specified classes of assets, including plant and machinery in generating stations, building and civil engineering works, transformers, switchgear, lightning arrestors, batteries, underground cable systems, overhead lines, meters, self-propelled vehicles, air-conditioning plants, office furniture and fittings, office equipment, apparatus let on hire, communication equipment, and any other assets not otherwise covered.

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