banner_ad

Depreciation rates under IT Act

Others 4169 views 5 replies

I am a Ca final student. wanna know what rate of depreciation in respect to accounts of a Tea manufacturing unit will be charged on following items:

1. Fencing of Factory.. 2. Plant and Machinery in a tea industry. 3. Commercial Vehicles. 4.Land & Plantations.

Replies (5)

It would help if you refer the IT ready reckoner where there is a detailed table of IT depreciation rates

 I am a Ca final student. wanna know what rate of depreciation in respect to accounts of a Tea manufacturing unit will be charged on following items:

1. Fencing of Factory.. 2. Plant and Machinery in a tea industry. 3. Commercial Vehicles. 4.Land & Plantations.

FENCING:- NOT A CAPEX CHARGE TO REVENUE

PLANT & MACHINERY:- 15% AS PER IT AND GENERAL RATE FOR CONTINIOUS FACTORY AS PER COS ACT.

COMM VEH:- 30% AS PER IT

LAND :- NIL

PLANTATION:- BASED ON UPROOTING OF TEA BUSHES 

AS

 

where I can show the amount of LAND in ITR-4 for filling up..... pls sugest me...???

hi , i wanna  know about the rates of deprecitaion for lab instruments involved in research . as per Companies Act 1956 & also as per IT Act

Please provide us Depreciation rate under IT Act


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details