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Rates of depreciation under Income Tax Act

Block of Assets A. Y 2003 - 04 to 2005 -06 A. Y 2006 -07 Onwards
WDV %
PART - A - Tangible Assets
I Building [See Note no 1 to 4 below the table]
1
Buildings which are used mainly for residential purposes except hotels and boarding houses
5 5
2
Buildings other than those used mainly for residential purposes and not covered by sub-items (1) above and (3) below
10 10
3
Buildings acquired on or after the 1st day of September, 2002 for installing machinery and plant forming part of water supply project or water treatment system and which is put to use for the purpose of business of providing infra- structure facilities under clause (i) of sub-section (4) ofsection 80-IA
100 100
4
Purely temporary erection such as a wooden structure
100 100
II
Furniture and Fittings
1
Furniture and fittings including electrical fittings [SeeNote 5 below the Table]
15 10
III
Machinery and Plant
1
Machinery and plant other than those covered by sub-items (2), (3) and (8) below :
25 15
2
Motor cars, other than those used in a business of running them on hire, acquired or put to use on or after the 1st day of April, 1990
20 15
3 3.1
Aeroplanes - Aeroengines
40 40
3.2
Motor buses, motor lorries and motor taxis used in a business of running them on hire
40 30
3.3
Commercial vehicle which is acquired by the assessee on or after the 1st day of October, 1998, but before the 1st day of April, 1999 and is put to use for any period before the 1st day of April, 1999 for the purposes of business or profession in accordance with the third proviso to clause (ii) of sub-section (1) ofsection 32[SeeNote 6 below the Table]
40 40
3.4
New commercial vehicle which is acquired on or after the 1st day of October, 1998, but before the 1st day of April, 1999 in replacement of condemned vehicle of over 15 years of age and is put to use for any period before the 1st day of April, 1999 for the purposes of business or profession in accordance with the third proviso to clause (ii) of sub-section (1) ofsection 32[SeeNote 6 below the Table]
60 60
3.5
New commercial vehicle which is acquired on or after the 1st day of April, 1999 but before the 1st day of April, 2000 in replacement of condemned vehicle of over 15 years of age and is put to use before the 1st day of April, 2000 for the purposes of business or profession in accordance with the second proviso to clause (ii) of sub-section (1) ofsection 32[SeeNote 6 below the Table]
60 60
3.6
New commercial vehicle which is acquired on or after the 1st day of April, 2001 but before the 1st day of April, 2002 and is put to use before the 1st day of April, 2002 for the purposes of business or profession [SeeNote 6 below the Table]
50 50
3.6a
New commercial vehicle which is acquired on or after the 1st day of January, 2009 but before the 1st day of October, 2009 and is put to use before the 1st day of October, 2009 for the purposes of business or profession [Seeparagraph 6 of the Notes below this Table]
- 50
3.7
Moulds used in rubber and plastic goods factories
40 30
3.8
Air pollution control equipment, being—
100 100
Electrostatic precipitation systems
Felt-filter systems
Dust collector systems
Scrubber-counter current/venturi/packed bed/cyclonic scrubbers
Ash handling system and evacuation system
3.9
Water pollution control equipment, being—
100 100
Mechanical screen systems
Aerated detritus chambers (including air compressor)
Mechanically skimmed oil and grease removal systems
Chemical feed systems and flash mixing equipment
Mechanical flocculators and mechanical reactors
Diffused air/mechanically aerated activated sludge systems
Aerated lagoon systems
Rotating biological contractor or bio-disc
Methane-recovery anaerobic digester systems
Air floatation systems
Air/steam stripping systems
Biofilters
Urea Hydrolysis systems
Marine outfall systems
Centrifuge for dewatering sludge
Ion exchange resin column
3.10
Solidwaste control equipments being - caustic/lime/chrome/mineral/cryolite recovery systems
100 100
Solidwaste recycling and resource recovery systems
3.11
Machinery and plant, used in semi-conductor industry covering all integrated circuits (ICs) (excluding hybrid integrated circuits) ranging from small scale integration (SSI) to large scale integration/very large scale integration (LSI/VLSI) as also discrete semi-conductor devices such as diodes, transistors, thyristors, triacs, etc., other than those covered by entries (viii), (ix) and (x) of this sub-item and sub-item (8) below
40 30
3.11A
Life saving medical equipment, being—
40 40
D.C. Defibrillators for internal use and pace makers
Haemodialysors
Heart lung machine
Cobalt Therapy Unit
Colour Doppler
SPECT Gamma Camera
Vascular Angiography System including Digital subtraction Angiography
Ventilator used with anaesthesia apparatus
Magnetic Resonance Imaging System
Surgical Laser
Ventilators other than those used with anaesthesia
Gamma knife
Bone Marrow Transplant Equipment including silastic long standing intravenous catheters for chemotherapy
Laparoscope (single incision)
4
Containers made of glass or plastic used as re-fills
50 50
5
Computers including computer software [Seenote 7 below the Table]
60 60
6
Machinery and plant, used in weaving, processing and garment sector of textile industry, which is purchased under TUFS on or after the 1st day of April, 2001 but before the 1st day of April, 2004 and is put to use before the 1st day of April, 2004 [SeeNote 8 below the Table]
50 50
7
Machinery and plant, acquired and installed on or after the 1st day of September, 2002 in a water supply project or a water treatment system and which is put to use for the purpose of business of providing infrastructure facility under clause (i) of sub-section (4) ofsection 80-IA[SeeNotes 4 and 9 below the Table]
100 100
8 8.1
Wooden parts used in artificial silk manufacturing machinery
100 100
8.2
Cinematograph films - bulbs of studio lights
100 100
8.3
Match factories - Wooden match frames
100 100
8.4
Mines & Quarries
Tubs, winding ropes, haulage ropes and sand stowing pipes
100 100
Safety lamps
100 100
8.5
Salt works - Salt pans, reservoirs and condensers, etc., made of earthy, sandy or clayey material or any other similar material
100 100
8.6
Flour mills - Rollers
80 80
8.7
Iron and steel industry - Rolling mill rolls
80 80
8.8
Sugar works - Rollers
80 80
8.9
Energy saving devices, being—
A. Specialised boilers and furnaces:
Ignifluid/fluidized bed boilers
80 80
Flameless furnaces and continuous pusher type furnaces
High efficiency boilers
Fluidized bed type heat treatment furnaces
B. Instrumentation and monitoring system for monitoring energy flows:
Automatic electrical load monitoring systems
80 80
Digital heat loss meters
Micro-processor based control systems
Infra-red thermography
Meters for measuring heat losses, furnace oil flow, steam flow, electric energy and power factor meters
Maximum demand indicator and clamp on power meters
Exhaust gases analyser
Fuel oil pump test bench
C. Waste heat recovery equipment:
Economisers and feed water heaters
80 80
Recuperators and air pre-heaters
Heat pumps
Thermal energy wheel for high and low temperature waste heat recovery
D. Co-generation systems:
Back pressure pass out, controlled extraction, extraction-cum-condensing turbines for co-generation along with pressure boilers
80 80
Vapour absorption refrigeration systems
Organic rankine cycle power systems
Low inlet pressure small steam turbines
E. Electrical equipment:
Shunt capacitors and synchronous condenser systems
80 80
Automatic power cut off devices (relays) mounted on individual motors
Automatic voltage controller
Power factor controller for AC motors
Solid state devices for controlling motor speeds
80 80
Thermally energy-efficient stenters
Series compensation equipment
Flexible AC Transmission (FACT) devices - Thyristor controlled series compensation equipment
Time of Day (ToD) energy meters
Equipment to establish transmission highways for National Power Grid to facilitate transfer of surplus power of one region to the deficient region
Remote terminal units/intelligent electronic devices, computer hardware/software, router/bridges, other required equipment and associated communication systems for supervisory control and data acquisition systems, energy management systems and distribution management systems for power transmission systems
Special energy meters for Availability Based Tariff (ABT)
F. Burners:
0 to 10 per cent excess air burners
80 80
Emulsion burners
Burners using air with high pre-heat temperature (above 300°C)
G. Other equipment:
Wet air oxidation equipment for recovery of chemicals and heat
80 80
Mechanical vapour recompressors
Thin film evaporators
Automatic micro-processor based load demand controllers
Coal based producer gas plants
Fluid drives and fluid couplings
Turbo charges/super-charges
8.10
Gas cylinders including valves and regulators
80 60
8.11
Glass manufacturing concerns - Direct fire glass melting furnaces
80 60
8.12
Mineral oil concerns:
Plant used in field operations (above ground) distribution - Returnable packages
80 80
Plant used in field operations (below ground), but not including kerbside pumps including underground tanks and fittings used in field operations (distribution) by mineral oil concerns
8.13
Renewal energy devices being—
Flat plate solar collectors
80 80
Concentrating and pipe type solar collectors
Solar cookers
Solar water heaters and systems
Air/gas/fluid heating systems
Solar crop driers and systems
Solar refrigeration, cold storages and air-conditioning systems
Solar steels and desalination systems
Solar power generating systems
Solar pumps based on solar-thermal and solar-photovoltaic conversion
Solar-photovoltaic modules and panels for water pumping and other applications
Windmills and any specially designed devices which run on wind-mills installed on or before March 31, 2012
Any special devices including electric generators and pumps running on wind energy installed on or before March 31, 2012
Biogas plant and biogas engines
Electrically operated vehicles including battery powered or fuel-cell powered vehicles
Agricultural and municipal waste conversion devices producing energy
9
Books owned by assessees carrying on a profession—
Books, being annual publications
100 100
Books, other than those covered by entry (a) above
60 60
Books owned by assessees carrying on business in running lending libraries
100 100
IV
Ships
1
Ocean-going ships including dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging purposes and fishing vessels with wooden hull
25 20
2
Vessels ordinarily operating on inland waters, not covered by sub-item (3) below
25 20
3
Vessels ordinarily operating on inland waters being speed boats [SeeNote 10 below the Table]
25 20
PART - B - Intangible Assets
I
Know-how, patents, copyrights, trademarks, licences, franchises or any other business or commercial rights of similar nature
25 25
Notes
1
"Buildings" include roads, bridges, culverts, wells and tubewells.
2
A building shall be deemed to be a building used mainly for residential purposes, if the built-up floor area thereof used for residential purposes is not less than sixty-six and two-third per cent of its total built-up floor area and shall include any such building in the factory premises.
3
Water treatment system includes system for desalination, demineralisation and purification of water.
4
"Electrical fittings" include electrical wiring, switches, sockets, other fittings and fans, etc.
5
In respect of any structure or work by way of renovation or improvement in or in relation to a building referred to inExplanation 1of clause (ii) of sub-section (1) ofsection 32, the percentage to be applied will be the percentage specified against sub-item (1) or (2) of item I as may be appropriate to the class of building in or in relation to which the renovation or improvement is effected. Where the structure is constructed or the work is done by way of extension of any such building, the percentage to be applied would be such percentage as would be appropriate, as if the structure or work constituted a separate building.
6
"Commercial vehicle" means "heavy goods vehicle", "heavy passenger motor vehicle", "light motor vehicle", "medium goods vehicle" and "medium passenger motor vehicle" but does not include "maxi-cab", "motor-cab", "tractor" and "road-roller". The expressions "heavy goods vehicle", "heavy passenger motor vehicle", "light motor vehicle", "medium goods vehicle", "medium passenger motor vehicle", "maxi-cab", "motor-cab", "tractor" and "road-roller" shall have the meanings respectively as assigned to them in section 2 of the Motor Vehicles Act, 1988 (59 of 1988).
7
"Computer software" means any computer programme recorded on any disc, tape, perforated media or other information storage device.
8
"TUFS" means Technology Upgradation Fund Scheme announced by the Government of India in the form of a Resolution of the Ministry of TextilesvideNo. 28/1/99-CTI of 31-3-1999.
9
Machinery and plant includes pipes needed for delivery from the source of supply of raw water to the plant and from the plant to the storage facility.
10
"Speed boat" means a motor boat driven by a high speed internal combustion engine capable of propelling the boat at a speed exceeding 24 kilometers per hour in still water and so designed that when running at a speed, it will plane,i.e.,its bow will rise from the water.