Rate of Depreciation as per Income Tax Act, 2025

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hinery and Plant     1. Machinery and plant other than those covered by sub-items (2), (3) and (8) below: 15     2   (i) Motor cars, other than those used in a business of running them on hire, except those covered under entry (ii) acquired on or after the 1st April, 1990; 15 (ii) Motor cars, other than those used in a business of running them on hire, acquired on or after the 23rd August, 2019 but before the 1st April, 2020 and is put to use before the 1st April, 2020. 30             3           (i) Aeroplanes - Aeroengines 40 (ii) Motor buses, motor lorries and motor taxis used in a business of running them on hire. 30 (iii) Motor buses, motor lorries and motor taxis used in a business of running them on hire, acquired on or after the 23rd August, 2019 but before the 1st April, 2020 and is put to use before the 1st April, 2020. 45 (iv) New commercial vehicle which is acquired on or after the 1st January, 2009 but before the 1st October, 2009 and is put to use before the 1st October, 2009 f....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....g System 40 (j) Surgical Laser 40 (k) Ventilator other than those used with anaesthesia 40 (l) Gamma knife 40 (m) Bone Marrow Transplant Equipment including silastic long standing intravenous catheters for chemotherapy 40 (n) Fibre optic endoscopes including, Paediatric resectoscope/audit resectoscope, Peritoneoscopes, Arthoscope, Microlaryngoscope, Fibreoptic Flexible Nasal Pharyngo Bronchoscope, Fibreoptic Flexible Laryngo Bronchoscope, Video Laryngo Bronchoscope and Video Oesophago Gastroscope, Stroboscope, Fibreoptic Flexible Oesophago Gastroscope 40 (o) Laparoscope (single incision) 40 4   Containers made of glass or plastic used as re-fills 40 5   Computers including computer software (See Note 7 below) 40 6   Machinery and plant, acquired and installed on or after the 1st September, 2002 in a water supply project or a water treatment system and which is put to use for the purpose of business of providing infrastructure facility under clause (i) of section 80-IA(4) of the Income-tax Act, 1961 [See Notes 4 and 8 below]   7 (i) Wooden parts used in artific....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ge controller 40 (d) Power factor controller for AC motors 40 (e) Solid state devices for controlling motor speeds 40 (f) Thermally energy-efficient stenters (which require 800 or less kilocalories of heat to evaporate one kilogram of water) 40 (g) Series compensation equipment 40 (h) Flexible AC Transmission (FACT) devices - Thyristor controlled series compensation equipment 40 (i) Time of Day (ToD) energy meters 40 (j) Equipment to establish transmission highways for National Power Grid to facilitate transfer of surplus power of one region to the deficient region 40 (k) Remote terminal units/intelligent electronic devices, computer hardware/software, router/bridges, other required equipment and associated communication systems for supervisory control and data acquisition systems, energy management systems and distribution management systems for power transmission systems 40 (l) Special energy meters for Availability Based Tariff (ABT) 40 F. Burners:   (a) 0 to 10 per cent excess air burners 40 (b) Emulsion burners 40 (c) Burner....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tilising ocean waste and thermal energy 40 (r) Machinery and plant used in the manufacture of any of the above sub-items 40   8 (i) Books owned by assessees carrying on a profession-       (a) Books, being annual publications 40   (b) Books, other than those covered by entry (a) above 40 (ii) Books owned by assessees carrying on business in running lending libraries 40 IV Ships       (1) Ocean-going ships including dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging purposes and fishing vessels with wooden hull 20     (2) Vessels ordinarily operating on inland waters, not covered by sub-item (3) below 20     (3) Vessels ordinarily operating on inland waters being speed boats [See Note 9 below] 20           PART B INTANGIBLE ASSETS S. No. Block of assets Depreciation allowance as percentage of written down value (1) (2) (3)   Know-how, patents, copyrights, trademarks, licences, franch....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eed exceeding 24 kilometres per hour in still water and so designed that when running at a speed, it will plane, i.e., its bow will rise from the water.     APPENDIX II (See rule 25) TABLE OF RATES AT WHICH DEPRECIATION IS ADMISSIBLE S.No.   Class of assets Depreciation allowance as percentage of actual cost (1)   (2) (3) (a) Plant and Machinery in generating stations including plant foundations :-   (i) Hydro-electric 3.4 (ii) Steam electric NHRS & Waste heat recovery Boilers/plants 7.84 (iii) Diesel electric and Gas plant 8.24 (b) Cooling towers and circulating water systems 7.84 (c) Hydraulic works forming part of Hydro-electric system including :-   (i) Dams, spillways weirs, canals, reinforced concrete flumes and syphons 1.95 (ii) Reinforced concrete pipelines and surge tanks, steel pipelines, sluice gates, steel surge (tanks), hydraulic control valves and other hydraulic works. 3.4 (d) Building and civil engineering works of permanent character, not mentioned above   (i) Office and showrooms 3.02 (ii) Co....