TaxTMI 
TaxTMI 
Rates of depreciation
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....for which no special rate has been prescribed under (ii) below: (b) continuous process plant, ^[3][* * *] for which no special rate has been prescribed under (ii) below. (NESD)] 15.33 per cent 5.28 per cent .. .. .. .. (ii) Special rates A. 1. Cinematograph films- Machiney used in the production and exhibition of cinematograph films (NESD) 20 per cent 7.07 per cent .. .. .. .. (a) Recording equipment, reproducing equipment, developing machines, printing machines, editing machines, synch ronisers and studio lights except bulbs 20 per cent 7.07 per cent .. .. .. .. (b) Projecting equi-pment of film exhibiting concerns -do- -do- .. .. .. .. 2. Cycles (NESD) 20 per cent 7.07 per cent ^[4][3. Electrical Mach....
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....ling tools, well-head tanks, rigs, etc. (NESD) -do- -do- .. .. .. .. 8. Mines and quarries‑ Portable underground machinery and earth moving machinery used in open cast mining (NESD) -do- -do- .. .. .. .. 9. Motor buses and motor lorries other than those used in a business of running them on hire (NESD) 30 per cent 11.31 per cent .. .. .. .. 9A. Motor tractors, harves-ting combines (NESD) -do- -do- .. .. .. .. 10. Patterns, dies and templates (NESD) -do- -do- .. .. .. .. 11. Ropeway structures‑ Ropeways, ropes and trestle sheaves and connected parts (NESD) -do- -do- .. .. .. .. 12. Shoe and other leather goods factories‑Wooden lasts used in the manufacture of shoes. 30 per cent 11.31 per cent 45 per cent 18.96 per cent 60 per cent 29.05 per cent C. ^[6][1. * * *] &n....
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.... 10. Sugar works Rollers -do- -do- .. .. .. .. III. Furniture and fittings ^[8][1. General Rates (NESD) 18.1 per cent 6.33 per cent .. .. .. .. 2. Rate for furniture and fittings used in hotels, restaurants and boarding houses; schools, colleges and other educational institutions, libraries; welfare centres; meeting halls, cinema houses; theatres and circuses; and for furniture and fittings let out on hire for use on the occasion of marriages and similar functions. (NESD)] 25.88 per cent 9.5 per cent .. .. .. .. IV. Ships 1. Ocean-going ships- (i) Fishing vessels with wooden hull (NESD) 27.05 per cent 10 per cent .. .. .. .. (ii) Dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging purposes (NESD) 19.8 per cent 7 per cent .. .. .. .. (iii) Other ships (NESD) 14.6 per cent 5 per....
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....ate* Year 9 31 Estimate* Year 10 34 Estimate* Year 11 38 Estimate* Year 12 41 Estimate* Year 13 46 Estimate* Year 14 50 Estimate* Year 15 53 Estimate* Year 16 57 Estimate* Year 17 60 Estimate* Year 18 67.5 Estimate* Total 600 '*' will be actual at the end of financial year. Based on this the charge for first year would be Rs. 4.16 Crore (approximately) (i.e. Rs. 5/Rs. 600 X Rs. 500 Crores) which would be charged to profit and loss and 0.83% (i.e. Rs. 4.16 Crore/Rs. 500 Crore X 100) is the amortization rate for the first year.] W.D.V.: means Written Down Value. S.L.M.: means Straight Line Method. Notes.-1. "buildings" include roads, bridges, culverts, wells and tube-wells. 2. "factory buildings" does not include offices, godowns, officers and employees' quarters, roads, bridges, culverts, wells and tube-wells. 3. "speed boat" means a motor boat driven by a high speed internal combustion engine capable of propelling the boat at a speed exceeding 24 kilometers per hour in still water and so designed that when running at a speed it will plane, i.e., its ....
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....) Locomotives, rolling stocks, tramways and railways used by concerns, excluding railway concerns. (8) Mineral oil concerns - field operations: ^[10][(a) * * *] (b) Prime movers. ^ [11][(c) * * *] (d) Storage tanks (above ground). (e) Pipelines (above ground). (f) Jetties and dry docks. (9) Mineral oil concerns - field operations (distribution) - kerbside pumps, including underground tanks and fittings. (10) Mineral oil concerns - refineries: ^ [12][(a) * * *] (b) Prime movers. ^[13][(c) * * *] ^[14][(d) LPG Plant] &n....