Depreciation Rates

Particulars

Income Tax

Companies Act, 1956

% WDV

% WDV

% SLM

Tangible Assets

 

 

 

Computer Hardware and Software

60 %

40 %

16.21 %

Plant and Machinery

15 %

13.91 %

4.75 %

Furniture and Fixture

10 %

18.10 %

6.33 %

Cars and Vehicles

15 %

25.89 %

9.50 %

Cars and Vehicles used on hire

30 %

40 %

16.21 %

Building – Non residential

10 %

10 %

3.34 %

Building – Residential

5 %

5 %

1.63 %

Books owned by professionals

 

 

 

  1. i)Books being annual publications

100 %

-

-

  1. ii)Books other than i) above

60 %

-

-

Books owned by assesse carrying on business in running lending library

100 %

-

-

Intangible Assets

 

 

 

Know how, patent, copyright, trademarks

25 %

-

-

Note:

IT Act Depreciation

1. If asset is acquired during previous year and is put to use for less than 180 days during the year, then depreciation shall be charged at 50% of the normal rate.
2. Additional depreciation @ 20 % over and above of normal rate shall be allowed to an industrial undertaking for any new plant and machinery acquired and installed after 31.03.2005.

Companies Act Depreciation

1. Pro rata basis from the date of addition or upto the date of sale / discarded.
2. Assets whose actual cost does not exceed Rs. 5,000/- shall be provided depreciation @100 %.