INCOME TAX RATES (AY ) · INCOME TAX Depreciation as per Companies Act, RATES OF DEPRECIATION UNDER COMPANIES ACT. SCHEDULE XIV .. Rate Of Depreciation As Per Income Tax Act. AS APPLICABLE. RATES OF DEPRECIATION AS PER INCOME TAX ACT. Water pollution control equipment, being-. Air pollution control equipment, being-. Depreciation Rates Chart. As per Indian Income Tax Act, CLASS, BLOCK NUMBER, SUB ITEM NUMBER, ASSET TYPE, RATE OF DEPRECIATION.
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Gas cylindervalves and regulators. Wooden parts used in artificial silk manufacturing machinery. Notes 4 and 9 below the table]. He may not be registered owner of the asset. Blocks of assets are defined based on rates of depreciation of respective block.
Books owned by assesses carrying on a professionbeing annual publications. This is used to detect comment spam. The calculations of the extra depreciation for double shift working and for triple shift working shall be made separately in the proportion while the number of days for which the concerned worked double shift or triple shift, number of working days during the year shall be deemed to be- a in the case of a seasonal factory or concern, the number of days on which the factory or concern actually worked during the year or days, whichever is greater; b in any other case, the number of days on which the factory or concern actually worked during the year or days, whichever is greater.
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Depreciation rate for fy 2011-12
Assets are bifurcated in five classes as under for the purpose of Depreciation as per Income Act. Meaning of Tax and Types of Tax in India. Salt works-Salt pans, reservoirs and condensersetc.
Depreciation rate as per income tax
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You can use this to streamline signing up for, or signing in to your Hubpages account. Tramways electric and Tramways run by internal combustion engines-permanent ways: This is hax allows you to search the site. Neo post franking machine This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. Mineral oil concerns-field operations distribution -kerbside pumps, including underground tanks and fittings. You can sort table.
There are total 13 different rates of depreciation hence there are total 13 Blocks of assets. All Residential buildings except hotels and boarding houses. Ddepreciation ropesTubeshaulage ropes and sand stowing pipes, and safety ibcome used in mines and quarries. Download Income Tax Return. Books cat by assesses carrying on business in running lending libraries. Sign in or sign up and post using a HubPages Network account. Depreciation is the amount which is deducted from the fixed assets annual on a specified percentage.