TaxTMI 
TaxTMI 
DEPRECIATION
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....rminal (vi) hospital, or (vii) convention centre (4) Any other building. 5 100 15 10 2. Furniture and fittings Furniture and fittings including electrical fittings. 10 3. Vehicles (1) Motor buses, motor lorries and motor cars, used in a business of running them on hire. (2) Any other motor bus, motor lorry or motor car. 30 15 4. Aeroplanes Aeroplanes including aeroengines. 40 5. Rails (1) Engines, coaches and wagons. (2) Rolling stock. 40 15 6. Ships (1) Ocean-going vessels. (2) Speed boats ordinarily operating on inland waters. (3) Any other vessel ordinarily operating on inland waters. 10 10 10 7. Books (1) Annual publications used for carrying on a profession. (2) Any other book used for carrying on a profession. (3) Book used for carrying on a business of running lending libraries . (4) Any other book. 100 60 100 25 8. Machinery and Plant (1) Moulds used in rubber and plastic goods factories. (2) Air pollution control equipment. (3) Water pollution control equipment. (4) Solid waste control equipment. (5) Life savi....
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....ned by the assessee. 25 20 15 2. No depreciation shall be allowed in respect of any machinery or plant, if the actual cost thereof is allowed as a deduction in one or more years. 3. The depreciation shall be one hundred per cent. of the adjusted written down value of the block of assets referred to in the class of assets at serial number 12 of the Table, if the adjusted value or written down value of the block of assets is one lakh rupees or less. 4. In respect of any structure, or work, by way of renovation or improvement in, or in relation to, a building used for the purposes of business of the person, the percentage to be applied shall be the percentage specified in any sub-item of the block of assets in serial number 1 of the said Table, as may be appropriate to the class of building in, or in relation to, which the renovation or improvement is effected. 5. In respect of any structure constructed, or work done, by way of extension of any building used for the purposes of business of the person, the percentage to be applied shall be the percentage specified in any sub-item of the block of assets in serial number 1 of the said Table above, as would be appropr....
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....ly skimmed oil and grease removal systems; (iv) chemical feed systems and flash mixing equipment; (v) mechanical flocculators and mechanical reactors; (vi) diffused air, mechanically aerated activated sludge systems; (vii) aerated lagoon systems; (viii) biofilters; (ix) methane-recovery anaerobic digester systems; (x) air floatation systems; (xi) air, steam stripping systems; (xii) urea hydrolysis systems; (xiii) marine outfall systems; (xiv) centrifuge for dewatering sludge; (xv) rotating biological contractor or bio-disc; (xvi) ion exchange resin column; and &n....
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....sp; (D) high efficiency boilers (thermal efficiency higher than 75 per cent. in case of coal fired and 80 per cent. in case of oil/gas fired boilers); (ii) instrumentation and monitoring system for monitoring energy flows, being— (A) automatic electrical load monitoring systems; (B) digital heat loss meters; (C) micro-processor based control systems; (D) infra-red thermography; (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— &nbs....
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....ication systems for supervisory control and data acquisition systems, energy management systems and distribution management systems 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; (E) coal based producer gas plant....