please inform me what is depreciation rate under income tax act 1961 for briqquette plant.............i would like to inform you that it is covered under 80JJA of income tax act
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Dep rate
Replies (2)
my dear friend,
please note the below:
| III. MACHINERY AND PLANT | ||
| 1) | Machinery and plant other than those covered by sub-items (2), (3) and (8) below | 15 |
| 2) | Motor cars, other than those used in a business of running them on hire, acquired or put to use on or after the 1st day of April, 1990 | 15 |
| 3) | (i) Aeroplanes - Aeroengines | 40 |
| (ii) Motor buses, motor lorries and motor taxis used in a business of running them on hire | 30 | |
|
(iii) Commercial vehicle which is acquired by the assessee on or after the 1st day of October, 1998, but before the 1st day of April, 1999 and is put to use for any period before the 1st day of April, 1999 for the purposes of business or profession in accordance with the third proviso to clause (ii) of sub-section (1) of section 32 [ See Note 6 below the Table] |
40 | |
|
(iv) New commercial vehicle which is acquired on or after the 1st day of October, 1998, but before the 1st day of April, 1999 in replacement of condemned vehicle of over 15 years of age and is put to use for any period before the 1st day of April, 1999 for the purposes of business or profession in accordance with the third proviso to clause (ii) of sub-section (1) of section 32 [ See Note 6 below the Table] |
60 | |
|
(v) New commercial vehicle which is acquired on or after the 1st day of April, 1999 but before the 1st day of April, 2000 in replacement of condemned vehicle of over 15 years of age and is put to use before the 1st day of April, 2000 for the purposes of business or profession in accordance with the second proviso to clause (ii) of sub-section (1) of section 32 [ See Note 6 below the Table ] |
60 | |
| (vi) New commercial vehicle which is acquired on or after the 1st day of April, 2001 but before the 1st day of April, 2002 and is put to use before the 1st day of April, 2002 for the purposes of business or profession [ See Note 6 below the Table ] | 50 | |
| (vii) Moulds used in rubber and plastic goods factories | 30 | |
(viii) Air pollution control equipment, being -
|
100 | |
|
(ix) Water pollution control equipment, being - (a) Mechanical screen systems (b) Aerated detritus chambers (including air compressor) (c) Mechanically skimmed oil and grease removal systems (d) Chemical feed systems and flaash mixing equipment (e) Mechanical flocculators and mechanical reactors (f) Diffused air/mechanically aerated activated sludge systems (g) Aerated lagoon systems (h) Biofilters (i) Methane-recovery anaerobic digester systems (j) Air floatation systems (k) Air/steam stripping systems (l) Urea Hydrolysis systems (m) Marine outfall systems (n) Centrifuge for dewatering sludge (o) Rotating biological contractor or bio-disc (p) Ion exchange resin column (q) Activated carbon column |
30 | |
|
(x) (a) Solidwaste, control equipments being, - caustic/lime/chrome/ mineral/cryolite recovery system (b) Solidwaste recycling and resource recovery systems |
100 | |
|
(xi) Machinery and plant, used in semi-conductor industry covering all integrated circuits (ICs) (excluding hybrid integrated circuits) ranging from small scale integration (SSI) to large scale integration/very large scale integration (LSI/VLSI) as also discrete semi-conductor devices such as diodes, transistors, thyristors, triacs, etc., other than those covered by entries (viii), (ix) and (x) of this sub-item and sub-item (8) below. |
30 | |
|
(xia) Life Saving medical equipment being-
(a) D.C.Defibrillators for internal use and pace makers. (b) Haemodialysors. (c) Heart lung machine. (d) Cobalt therapy unit. (e) Colour Doppler. (f) Spect Gamma Camera. (g) Vascular Angiography System including Digital subtraction Angiography. (h) Ventilator used with anaesthesia apparatus. (i) Magnetic Resonance Imaging System (j) Surgical Laser. (k) Ventilator other than those used with anaesthesia (l) Gamma knife. (m) Bone Marrow Transplant Equipment including silastic long standing intravenous catheters for chemotherapy. (n) Fibreoptic endoscopes including Paediatric resectoscope/audit resectoscope Peritoneoscopes, Arthoscope, Microaryngoscope, Fibresoptic Flexible Nasal Pharyngo, Video Laryngo Bronchoscope, fibreoptic Flaxible Laryngo Bronchoscope, Video Laryngo Bronchoscope and Video Oescophago Gastroscope, Stroboscope, Fibreoptic Flexible oesophago Gastroscope. (o) Laparoscope (single incision ) |
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