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<h1>Income-tax Amendment 2001: Depreciation Rates for Ships Adjusted from 20% and 10% to 25% Effective April 2002.</h1> The Income-tax (Fifth Amendment) Rules, 2001, issued by the Central Board of Direct Taxes under the Ministry of Finance, amends the Income-tax Rules, 1962. Effective from April 1, 2002, the amendment modifies Part A of the Table in Appendix I concerning tangible assets under the category 'IV SHIPS.' Specifically, it changes the depreciation rates in column 2 for sub-items (1), (2), and (3) from '20' and '10' to '25' for each, respectively.