Depreciation rates as per income tax act

Please give me the depreciation rates for the following items as per income tax act for the F.Y 04-05,05-06 and 06-07.

Also pls mention the heads they come under which will be very useful!!

1.Television sets

2. audit visual

3.Mobile phone

4.Intercom

5. Furniture

6. Electrical fittings

Pls help me !!

Replies (5)

Ms.Sndhya

The rates of depreciation under Income-tax Act, 1961 for the items you have asked are as under

1.Television sets

2. audit visual

3.Mobile phone

4.Intercom

 

All the above four items fall under  Item (1) the Machinery and Plant .  The rate of depreciation for the Financial Year 2004-05 is 25%.  For the other Financial Years the rate of deporeciation  is 15%.

Furniture and Electrical Fittings fall under the Category  FURNITURE AND FITTINGS - Furniture and Fittings including electrical fittings  ie. electrcal wiring, switches, sockets other fittings and fans etc. .  The rate of depreciation for the Financial Year 2004-05 is 15%.  For the otehr Financial years the rate of depreciation is 10%.

Best Wishes

Sathikonda

 

 

Thank you sathikonda for the quick and detailed reply!! very useful for me

thanks once again.

From which site's address can I get the depriciation rates for the above 6 item for the acctg yr 2010-11, 2011-12 & current (2012-13).

THANK YOU FOR KNOWING THE DEPRICIATION RATE DUE TO VERY URGENT FOR ME .THANK YOU ONCE AGAIN

 

SIR,

 PLEASE UPLOAD THE INCOMETAX DEPRECIATION CHART AS REVISED. IT IS HELPFUL

TO ALL.

 

THANKING YOU

 

 

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