Depreciation Rates under Income Tax Depreciation Rates under Income Tax [As amended by Finance Act, 2018] AS APPLICABLE FROM THE ASSESSMENT YEAR 2003-04 ONWARDS Block of assets Depreciation allowance as percentage of written down value AYs 2003-04 to 2005-06 AY 2006-07 to AY 2017-18 AY 2018-19 onwards 1 2 3 4 PART A TANGIBLE ASSETS… Read More »
Rule-New App I, Income-tax Rules 1[NEW APPENDIX I [ Substituted by the IT (Sixth Amdt.) Rules, 2005, w.e.f. 2-4-2005. ] [Effective from assessment year 2006-07 onwards] [See rule 5] TABLE OF RATES AT WHICH DEPRECIATION IS ADMISSIBLE [ Note Income Tax Depreciation rates has been changed w.e.f 01.04.2017 : reference notes given against each rate ]… Read More »
Income Tax Depreciation Rates APPENDIX I (Substituted by the IT (Sixth Amdt.) Rules, 2005, w.e.f. 2-4-2005.) [Effective from assessment year 2006-07 onwards] [See rule 5] TABLE OF RATES AT WHICH DEPRECIATION IS ADMISSIBLE Block of assets Depreciation allowance as percentage of written down value 1 2 PART A TANGIBLE ASSETS I. Building [See… Read More »