Depreciation on books

hi as per my knowledge if Books are owned by assessees carrying on a profession then,

• Annual publication @  100% depreciation.
• Other books @ 60% depretiation.

thanks.

Thanks for the valuable info..............

Just wanted to make a point, the aforementioned rates of 100% and 60% are fo assessees carrying on profession, but if assessees carrying on business in running lending libraries, then depreciation allowed is 100% and for assessees carrying on other business the rate would be 15% as per the Income Tax Act 1961.

All the rates of depreciation as per section 32 of Income Tax Act, 1961 have been restricted up to 40% only from the assessment year 2018-19 onwards.

All the rates of depreciation as per section 32 of Income Tax Act, 1961 have been restricted up to 40% only from the assessment year 2018-19 onwards.