Regarding depreciation rate as per income tax act

9) (i) Books owned by assessees carrying on a profession— (a) Books, being annual publications-100%

(b) Books, other than those covered by entry (a) above -60%

so it should be 60%

Sir, small doubt, College is not carrying any profession its sole purpose is teaching students, can we depreciate @ 60% 

mam,

the intention of law maker is on the publication life, so if it is annual publication then depreciate at 100%

otherwise 60%