Depreciation rate as per income tax

This query is : Resolved

Ramesha.M (Querist)
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02 August 2012 Dear Respected Experts

1)Building
2)Furniture
3)Generators
4)Godown
5)Machinery with motors
6)Pipe stand
7)Staff Quarters
8)Tarpallins
9)Wooden moulds

what is the rate of Depreciation for the A.Y.2012-13 under income tax Act

Regards
Ramesh

CA Ghanshyam Joshi

CA Ghanshyam Joshi (Expert)
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03 August 2012 Please visit the below link for Depreciation rates as per Income Tax Act -

http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITRU&schT=rul&csId=2f13c0bd-dec4-4df6-a273-431e3b91a01b&rNo=&sch=depreciation&title=Taxmann - Direct Tax Laws

CA Ghanshyam Joshi

CA Ghanshyam Joshi (Expert)
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03 August 2012 1[APPENDIX IA

TABLE OF RATES AT WHICH DEPRECIATION IS ADMISSIBLE

[See rule 5(1A)]

Class of assets Depreciation allowance as percentage of actual cost
(a) Plant and Machinery in generating stations including plant foundations :—

(i) Hydro-electric
3.4
(ii) Steam electric NHRS & Waste heat recovery Boilers/plants
7.84
(iii) Diesel electric and Gas plant
8.24
(b) Cooling towers and circulating water systems
7.84
(c) Hydraulic works forming part of Hydro-electric system including :—

(i) Dams, spillways weirs, canals, reinforced concrete flumes and syphons
1.95
(ii) Reinforced concrete pipelines and surge tanks, steel pipelines, sluice gates, steel surge (tanks), hydraulic control valves and other hydraulic works.
3.4
(d) Building and civil engineering works of permanent character, not mentioned above

(i) Office and showrooms
3.02
(ii) Containing Thermo-electric generating plant
7.84
(iii) Containing Hydro-Electric generating plant
3.4
(iv) Temporary erection such as wooden structures
33.4
(v) Roads other than Kutcha roads
3.02
(vi) Others
3.02
(e) Transformers, transformer (Kiosk) sub-station equipment and other fixed apparatus (including plant foundations)

(i) Transformers (including foundations) having a rating of 100 kilovolt amperes and over
7.81
(ii) Others
7.84
(f) Switchgear including cable connections
7.84
(g) Lightning arrestor :

(i) Station type
7.84
(ii) Pole type
12.77
(iii) Synchronous condenser
5.27
(h) Batteries
33.4
(i) Underground cable including joint boxes and disconnectioned boxes
5.27
(ii) Cable duct system
3.02
(i) Overhead lines including supports :

(i) Lines on fabricated steel operating at nominal voltages higher than 66 kilovolt
5.27
(ii) Lines on steel supports operating at nominal voltages higher than 13.2 kilovolts but not exceeding 66 kilovolts
7.84
(iii) Lines on steel or reinforced concrete supports
7.84
(iv) Lines on treated wood supports
7.84
(j) Meters
12.77
(k) Self-propelled vehicles
33.40
(l) Air-conditioning plants :

(i) Static
12.77
(ii) Portable
33.40
(m) (i) Office furniture and fittings
12.77
(ii) Office equipments
12.77
(iii) Internal wiring including fittings and apparatus
12.77
(iv) Street light fittings
12.77
(n) Apparatus let on hire

(i) Other than motors
33.4
(ii) Motors
12.77
(o) Communication equipment :

(i) Radio and high frequency carrier system
12.77
(ii) Telephone lines and telephones
12.77
(p) Any other assets not covered above
7.69]

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