dep rate
This query is : Resolved
23 September 2009
what is the depreciation rate as per companies act
23 September 2009
Hi Shweta,
Please refer to any income tax ready reconer, i follow the one by Dr. Singania.
Please refer to any income tax ready reconer, i follow the one by Dr. Singania.
23 September 2009
RATES OF DEPRECIATION UNDER COMPANIES ACT
SCHEDULE XIV
[See sections 250 and 350]
RATES OF DEPRECIATION
__________________________________________________________________________
Single Shift Double Shift Triple Shift Nature of Assets ------------ ------------ ------------
WDV SLM WDV SLM WDV SLM
___________________________________________________________________________
I BUILDINGS
(a) Buildings(Other than 5.00 1.63
factory Buildings) [NSED]
(b) FACTORY BUILDINGS 10.00 3.34
(c) Purely Temporary Erections 100 100
such as wooden structures.
II PLANT AND MACHINERY
(i) General rate applicable to
(a) plant & machinery (not 13.91 4.75 20.87 7.42 27.82 10.34
being a ship) other than
continuous process plant
for which no special rate
has been prescribed under
(ii) below
(b) continuous process plant, 15.33 5.28
2[***] for which no special
rate has been prescribed
under (ii) below [NSED]
(ii)Special Rate
A. 1. Cinematography films- 20.00 7.07
Machinery Used in the
production and Exhibition
of cinematography Films[NSED]
a. Recording equipment,
reproducing Equipment,
developing machines Printing
machines, editing Machines,
synchronisers and Studio
lights excepts bulb
b. Projecting equipment of
Film exhibiting concerns
2 Cycles [NSED] 20.00 7.07
3 Electrical machinery, X-ray 20.00 7.07
and electro-therapeutic
apparatus and accessories
thereto medical, diagnostic
equipment, namely cat-scan,
ultrasound machines, ECG
monitors, etc.[NSED]
4 Juice boiling pans (karhais) 20.00 7.07
[NSED]
5 Motor-cars, motor-cycles, 25.89 9.5
scooters & other mopeds[NSED]
6 Electrically operated 20.00 7.07
vehicles including battery
powered vehicles [NSED]
7 Sugarcane crushers(indigen- 20.00 7.07
Ous kolhus & beans) [NSED]
8 Glass manufacturing concerns 20.00 7.07 30.00 11.31 40.00 16.21
except direct fire glass
melting furnaces-
Recuperative and regenerative
glass melting furnaces
9 Machinery used in the 15.62 5.38 23.42 8.46 31.23 11.87
manufacture of electronic
goods and components
B.1 [Aeroplanes, aero engines, 16.2 5.6
simulators, Visual System
and quick engine change
Equipment [NSED]
2 Concrete pipes manufacture- 30.00 11.31
Moulds [NSED]
3 Drum containers manufacture- 30.00 11.31
Moulds [NSED]
4 Earth-moving machinery 30.00 11.31
employed in heavy construction
works, such as dams, tunnels,
canals, etc. [NSED]
5 Glass manufacturing concerns 30.00 11.31
except direct fire glass
melting furnaces-Moulds 30.00 11.31
[NSED]
6 Moulds in iron foundries 30.00 11.31
[NSED]
7 Mineral oil concerns-Field 30.00 11.31
operations(above ground)-
Portable boilers, drilling
tools, well-head tanks,
rigs, etc.[NSED]
8 Mines and quarries-Portable 30.00 11.31
underground machinery and
earth-moving machinery used
in open caste mining[NSED]
9 Motor buses and motor 30.00 11.31
lorries other than those
used in a business of
running them on hire[NSED]
9A Motor tractors, harvesting 30.00 11.31
combines[NSED]
10 Patterns, dies and 30.00 11.31
templates[NSED]
11 Ropeway structures-Ropeways, 30.00 11.31
ropes and trestle sheaves
and connected parts[NSED]
12 Shoe and other leather goods 30.00 11.31 45.00 18.96 60.00 29.05
fabrics-Wooden lasts used in
the manufacture of shoes
C. 1. [** ** **] 40.00 16.21
2. Motor buses, motor lorries 40.00 16.21
and motor taxis used in
a business of running
them on hire [NESD]
3. Rubber and plastic goods 40.00 16.21
factories-Moulds[NESD]
4. Data processing machines
including computers[NESD]
5. Gas cylinders including 40.00 16.21
valves and regulators[NESD]
D. 1.Artificial silk 100 100
manufacturing machinery
with Wooden parts
2. Cinematograph films-Bulbs 100 100
of studio lights
3. Flour mills-Rollers 100 100
4. Glass manufacturing 100 100
concerns-Direct fire glass
Melting Furnaces
4A. Flot Glass Melting Furnaces 27.00 10.00
(NESD)
5. Iron and Steel industries- 100 100
Rolling mill rolls
6. Match factories-Wooden 100 100
match frames
7. Mineral oil concerns- (a) 100 100
Plant used in field operations
(below ground)-Distribution
returnable packages; (b)Plant
used in field operations
(below ground)but not including
assets used in field operation
distribution) Kerbsides pumps
including underground tanks
& fittings
8. Mines And Querries 100 100
9. a. Tubs, winding ropes, 100 100
haulage ropes and sand
Stowing pipes
b Safety Lamps
10. Salt works-Salt pans, 100 100
reservoirs and condensers
Etc. made of earthy, sandy
or clay material or Any
other similar material
11. Sugar works-Rollers 100 100
III FURNITURE AND FITTINGS
1 General Rates [NESD] 18.1 6.33
2 Rate for furniture & fittings
used in hotels, restaurants
and boarding houses; schools,
colleges and other educational
institutions, libraries; welfare
centers meeting halls, cinema
houses, theatres and circuses;
SCHEDULE XIV
[See sections 250 and 350]
RATES OF DEPRECIATION
__________________________________________________________________________
Single Shift Double Shift Triple Shift Nature of Assets ------------ ------------ ------------
WDV SLM WDV SLM WDV SLM
___________________________________________________________________________
I BUILDINGS
(a) Buildings(Other than 5.00 1.63
factory Buildings) [NSED]
(b) FACTORY BUILDINGS 10.00 3.34
(c) Purely Temporary Erections 100 100
such as wooden structures.
II PLANT AND MACHINERY
(i) General rate applicable to
(a) plant & machinery (not 13.91 4.75 20.87 7.42 27.82 10.34
being a ship) other than
continuous process plant
for which no special rate
has been prescribed under
(ii) below
(b) continuous process plant, 15.33 5.28
2[***] for which no special
rate has been prescribed
under (ii) below [NSED]
(ii)Special Rate
A. 1. Cinematography films- 20.00 7.07
Machinery Used in the
production and Exhibition
of cinematography Films[NSED]
a. Recording equipment,
reproducing Equipment,
developing machines Printing
machines, editing Machines,
synchronisers and Studio
lights excepts bulb
b. Projecting equipment of
Film exhibiting concerns
2 Cycles [NSED] 20.00 7.07
3 Electrical machinery, X-ray 20.00 7.07
and electro-therapeutic
apparatus and accessories
thereto medical, diagnostic
equipment, namely cat-scan,
ultrasound machines, ECG
monitors, etc.[NSED]
4 Juice boiling pans (karhais) 20.00 7.07
[NSED]
5 Motor-cars, motor-cycles, 25.89 9.5
scooters & other mopeds[NSED]
6 Electrically operated 20.00 7.07
vehicles including battery
powered vehicles [NSED]
7 Sugarcane crushers(indigen- 20.00 7.07
Ous kolhus & beans) [NSED]
8 Glass manufacturing concerns 20.00 7.07 30.00 11.31 40.00 16.21
except direct fire glass
melting furnaces-
Recuperative and regenerative
glass melting furnaces
9 Machinery used in the 15.62 5.38 23.42 8.46 31.23 11.87
manufacture of electronic
goods and components
B.1 [Aeroplanes, aero engines, 16.2 5.6
simulators, Visual System
and quick engine change
Equipment [NSED]
2 Concrete pipes manufacture- 30.00 11.31
Moulds [NSED]
3 Drum containers manufacture- 30.00 11.31
Moulds [NSED]
4 Earth-moving machinery 30.00 11.31
employed in heavy construction
works, such as dams, tunnels,
canals, etc. [NSED]
5 Glass manufacturing concerns 30.00 11.31
except direct fire glass
melting furnaces-Moulds 30.00 11.31
[NSED]
6 Moulds in iron foundries 30.00 11.31
[NSED]
7 Mineral oil concerns-Field 30.00 11.31
operations(above ground)-
Portable boilers, drilling
tools, well-head tanks,
rigs, etc.[NSED]
8 Mines and quarries-Portable 30.00 11.31
underground machinery and
earth-moving machinery used
in open caste mining[NSED]
9 Motor buses and motor 30.00 11.31
lorries other than those
used in a business of
running them on hire[NSED]
9A Motor tractors, harvesting 30.00 11.31
combines[NSED]
10 Patterns, dies and 30.00 11.31
templates[NSED]
11 Ropeway structures-Ropeways, 30.00 11.31
ropes and trestle sheaves
and connected parts[NSED]
12 Shoe and other leather goods 30.00 11.31 45.00 18.96 60.00 29.05
fabrics-Wooden lasts used in
the manufacture of shoes
C. 1. [** ** **] 40.00 16.21
2. Motor buses, motor lorries 40.00 16.21
and motor taxis used in
a business of running
them on hire [NESD]
3. Rubber and plastic goods 40.00 16.21
factories-Moulds[NESD]
4. Data processing machines
including computers[NESD]
5. Gas cylinders including 40.00 16.21
valves and regulators[NESD]
D. 1.Artificial silk 100 100
manufacturing machinery
with Wooden parts
2. Cinematograph films-Bulbs 100 100
of studio lights
3. Flour mills-Rollers 100 100
4. Glass manufacturing 100 100
concerns-Direct fire glass
Melting Furnaces
4A. Flot Glass Melting Furnaces 27.00 10.00
(NESD)
5. Iron and Steel industries- 100 100
Rolling mill rolls
6. Match factories-Wooden 100 100
match frames
7. Mineral oil concerns- (a) 100 100
Plant used in field operations
(below ground)-Distribution
returnable packages; (b)Plant
used in field operations
(below ground)but not including
assets used in field operation
distribution) Kerbsides pumps
including underground tanks
& fittings
8. Mines And Querries 100 100
9. a. Tubs, winding ropes, 100 100
haulage ropes and sand
Stowing pipes
b Safety Lamps
10. Salt works-Salt pans, 100 100
reservoirs and condensers
Etc. made of earthy, sandy
or clay material or Any
other similar material
11. Sugar works-Rollers 100 100
III FURNITURE AND FITTINGS
1 General Rates [NESD] 18.1 6.33
2 Rate for furniture & fittings
used in hotels, restaurants
and boarding houses; schools,
colleges and other educational
institutions, libraries; welfare
centers meeting halls, cinema
houses, theatres and circuses;
23 September 2009
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