Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2012
I just want to know new Depreciation rate applicable for Income Tax Return 31 March,2012 Charged on Mobile Phone,Furniture & Fittings and others Fixed Assets
11 May 2012
Block of Assets
Rate in %
A. TANGIBLE ASSETS
1. BUILDING (Depreciation Rates as per Income Tax Act)
(i) Residential Buildings (Except Hotel & Boarding Houses)
5
(ii) Buildings other than Residential building
10
(iii) Purely temporary erections such as wooden structure
100
2. FURNITURE AND FITTING
Furniture and fittings including electric fittings
15
3. PLANT & MACHINERY (Depreciation Rates as per Income Tax Act)
(1) Machinery and plant other than those covered below
25
(2) (i) Motor cars (Except those used in a business of running them on hire)
20
(ii) Motor cars, buses, lorries and taxis used in a business of running them on hire
40
(3) Moulds used in rubber and plastic goods factories
40
(4) Air pollution control equipments, being
80
For more detail, please check www.incometaxindia.gov.in
Block of Assets
Rate in %
A. TANGIBLE ASSETS
1. BUILDING (Depreciation Rates as per Income Tax Act)
(i) Residential Buildings (Except Hotel & Boarding Houses)
5
(ii) Buildings other than Residential building
10
(iii) Purely temporary erections such as wooden structure
100
2. FURNITURE AND FITTING
Furniture and fittings including electric fittings
15
3. PLANT & MACHINERY (Depreciation Rates as per Income Tax Act)
(1) Machinery and plant other than those covered below
25
(2) (i) Motor cars (Except those used in a business of running them on hire)
20
(ii) Motor cars, buses, lorries and taxis used in a business of running them on hire
40
(3) Moulds used in rubber and plastic goods factories
40
(4) Air pollution control equipments, being
80
For more detail, please check www.incometaxindia.gov.in
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
