THE FIFTEENTH SCHEDULE - DEPRECIATION

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....       (iii) airport       (iv) sea port, or       (v) bus terminal 15     (4) Any other building 10 II Furniture and fittings Furniture and fittings including electrical fittings 10 III Vehicles (1) Motor buses, motor lorrys and motor cars, used in a business of running them on hire 30     (2) Any other Motor bus, motor lorry or motor car 15 IV Aeroplanes Aeroplanes including aeroengines 40 V Rails (1) Engines, coaches and wagons 40 VI Ships (2) Rolling stock 15     (1) Ocean-going vessels 20     (2) Speed boats ordinarily operating on inland waters 20     (3) Any other vessel ordinarily operating on inland waters 20 VII Books (1) Annual publications used for carrying out a profession 100     (2) Any other book used for carrying out a profession 60     (3) Book used for carrying out a business of running lending libraries 100     (4) Any other book 25 ....

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....moting family planning. 25 (XA) Animals Animals 0 (XI) Intangible assets (1) Any right, by way of licence or franchise, to operate a business or to use a know-how, patent, copyright, trademark or any other business or commercial right of similar nature  25     (2) Prescribed preliminary expenditure incurred  (a) before the commencement of the business; or  25     (b) in connection with the extension of the business; or       (c) in connection with the setting up of new business 25     (3) Asset or project constructed, erected or set up by the assessee if,-       (a) benefit or advantage arises to the assessee over a fixed period not exceeding ten years; and       (b)  asset is not owned by the assessee. 20     (4) Asset or project constructed, erected or set up by the assessee if,-       (a) benefit or advantage arises to the assessee over a fixed period exceeding ten years; and       (b) asset is not owned by the as....

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....this Schedule, -      (a) "Buildings" shall include roads, bridges, culverts, wells and tubewells;      (b) a building shall be deemed to be a building used mainly for residential purposes, if the built-up floor area thereof used for residential purposes is not less than sixty-six and two-third per cent of its total built-up floor area and shall include any such building in the factory premises;      (c) "Infrastructure industry asset" shall include water treatment system for desalination, demineralisation and purification of water. as well as  pipes needed for delivery from the source of supply of raw water to the plant and from the plant to the storage facility;      (d) "Electrical fittings" shall include electrical wiring, switches, sockets and other fittings and fans;      (e) "Computer software" shall mean any computer programme recorded on any disc, tape, perforated media or other information storage device;      (f) "Speed boat" shall mean a motor boat driven by a high speed internal combustion engine capable of propelling the boat a....

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....c;          (xvi) Ion exchange resin column; and          (xvii) Activated carbon column.      (j) "Solidwaste control equipments" shall mean -          (i) caustic/lime/chrome/mineral/ cryolite recovery systems; and          (ii) Solidwaste recycling and resource recovery systems.      (k) "Life saving medical equipment" shall mean -          (i) D.C. Defibrillators for internal use and pace makers;          (ii) Haemodialysors;          (iii) Heart lung machine;         (iv) Cobalt Therapy Unit;          (v) Colour Doppler;          (vi) SPECT Gamma Camera;          (vii) Vascular Angiography System including Digital substraction Angiography;      &nbsp....

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....graphy;              (E) Meters for measuring heat losses, furnace oil flow, steam flow, electric energy and power factor meters;              (F) Maximum demand indicator and clamp on power meters;              (G) Exhaust gases analyzer;or              (H) Fuel oil pump test bench;      (iii) Waste heat recovery equipment, being -              (A) Economisers and feed water heaters;              (B) Recuperators and air pre-heaters;              (C) Heat pumps;or              (D) Thermal energy wheel for high and low temperature waste heat recovery;      (iv) Co-generation systems, being-          ....

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....for power transmission systems;or              (L) Special energy meters for Availability Based Tariff (ABT);      (vi) Burners, being -              (A) 0 to 10 per cent excess air burners;             (B) Emulsion burners; or              (C) Burners using air with high pre-heat temperature (above 300°C); and      (vii) Other energy saving device, being -              (A) Wet air oxidation equipment for recovery of chemicals and heat;              (B) Mechanical vapour recompressors;               (C) Thin film evaporators;               (D) Automatic micro-processor based load demand controllers;       &nb....