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 Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Income-tax Rules Amend Depreciation Rates for Assets; 100% Depreciation for Certain Buildings and Structures</h1> The Income-tax (Twenty-Fourth Amendment) Rules, 2002, issued by the Central Board of Direct Taxes, amends the Income-tax Rules, 1962, effective from April 1, 2003. The amendment introduces a new Appendix I, detailing the depreciation rates for various asset categories. Tangible assets, including buildings, furniture, fittings, machinery, and plant, have specified depreciation allowances. Notably, certain buildings and temporary structures are eligible for 100% depreciation. The rules also outline depreciation rates for specific equipment used in pollution control, renewable energy, and other specialized industries. Additional notes clarify definitions and conditions related to the assets and equipment covered.
TaxTMI 
TaxTMI 
