https://www.taxtmi.com/acts?id=10402 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. en-us Mon, 26 Jan 2009 10:55:46 +0530 Thu, 21 May 2026 15:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10402 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. Act-Rules Income Tax Mon, 26 Jan 2009 10:55:46 +0530 https://www.taxtmi.com/acts?id=10402