Assurance | Advisory | Consultancy

Rate of depreciation under Companies Act, 2013

Nature of Assets Useful Life Years WDV % SLM %
I Building [NESD]
1 Buildings (Other than factory building) RCC frame Structure 60 4.87 1.58
2 Buildings (Other than factory building) other than RCC frame Structure 30 9.50 3.17
3 Factory Buildings 30 9.50 3.17
4 Fence, Wells and Tube Wells 5 45.07 19.00
5 Others (including temporary structure etc,) 3 63.16 31.67
II Bridges, culverts, bunders etc.. [NESD] 30 9.50 3.17
III Roads [NESD]
1 Carpeted Roads - RCC 10 25.89 9.50
2 Carpeted Roads - Other than RCC 5 45.07 19.00
3 Non - carpeted Roads 3 63.16 31.67
IV Plant and Machinery
(A) GeneralrateapplicabletoPlantandMachinerynotcovered under Special Plant and Machinery
1 PlantandMachineryotherthancontinuousprocess plant not covered under specific 15 6.33 18.10
2 Continuousprocessplantforwhichnospecialrate has been prescribed under (ii) below 8 11.88 31.23
(B) Special Plant and Machinery
1 PlantandMachineryrelatedtoproductionandexhibition of Motion Picture Films
1.1 Cinematographfilms-Machinery used in the production and exhibition of cinematographfilms, recording and reproducing equipments, developing machines,printing machines,editing machines,synchronizersa nd studiolights 13 7.31 20.58
1.2 Projecting equipments for exhibition of films 13 7.31 20.58
2 Plant and Machinery used in glass
2.1 Plant and Machinery except direct fire glassmelting furnaces-Recuperative and regenerative glass melting furnaces 13 7.31 20.58
2.2 Plant and Machinery except direct fire glass melting furnaces - Moulds [NESD] 8 11.88 31.23
2.3 Float Glass Melting Furnaces [NESD] 10 9.50 25.89
3 Plant and Machinery used in mines and quarries-Portable underground machinery and earthmoving machinery used in open cast mining 8 11.88 31.23
4 Plant and Machinery used in Telecommunications [NESD]
4.1 Towers 18 5.28 15.33
4.2 Telecom transceivers,switching centres,transmission and other network equipment 13 7.31 20.58
4.3 Telecom - Ducts, Cables and optical fibre 18 5.28 15.33
4.4 Satellites 18 5.28 15.33
5 Plant and Machinery used in exploration,production and refining oil and gas [NESD]
5.1 Refineries 25 3.80 11.29
5.2 Oil and gas assets (including wells),processing plant and facilities 25 3.80 11.29
5.3 Petrochemical Plant 25 3.80 11.29
5.4 Storage tanks and related equipment 25 3.80 11.29
5.5 Pipelines 30 3.17 9.50
5.6 Drilling Rig 30 3.17 9.50
5.7 Field operations (above ground)Portable boilers, drilling tools, well-head tanks, etc. 8 11.88 31.23
5.8 Loggers 8 11.88 31.23
6 Plant and Machinery used in generation,transmission and distribution of power [NESD]
6.1 Thermal / Gas / Combined Cycle Power Generation Plant 40 2.38 7.22
6.2 Hydro Power Generation Plant 40 2.38 7.22
6.3 Nuclear Power Generation Plant 40 2.38 7.22
6.4 Transmission lines,cables and other network assets 40 2.38 7.22
6.5 Wind Power Generation Plant 22 4.32 12.73
6.6 Electric Distribution Plant 35 2.71 8.20
6.7 Gas Storage and Distribution Plant 30 3.17 9.50
6.8 Water Distribution Plant including pipelines 30 3.17 9.50
7 Plant and Machinery used in manufacture of
7.1 Sinter Plant 20 4.75 13.91
7.2 Blast Furnace 20 4.75 13.91
7.3 Coke Ovens 20 4.75 13.91
7.4 Rolling mill in steel plant 20 4.75 13.91
7.5 Basic Oxygen Furnace Converter 25 3.80 11.29
8 Plant and Machinery used in manufacture of non-ferrous metals
8.1 Metal pot line [NESD] 40 2.38 7.22
8.2 Bauxite crushing and grinding section 40 2.38 7.22
8.3 Digester Section [NESD] 40 2.38 7.22
8.4 Turbine [NESD] 40 2.38 7.22
8.5 Equipments for Calcinations [NESD] 40 2.38 7.22
8.6 Copper Smelter [NESD] 40 2.38 7.22
8.7 Roll Grinder 40 2.38 7.22
8.8 Soaking Pit 30 3.17 9.50
8.9 Annealing Furnace 30 3.17 9.50
8.10 Rolling Mills 30 3.17 9.50
8.11 Equipments for Scalping,Slitting,etc.[NSED] 30 3.17 9.50
8.12 Surface Miner,Ripper Dozer,etc.used in mines 25 3.80 11.29
8.13 Copper refining plant [NSED] 25 3.80 11.29
9 Plant and Machinery used in medical and surgical operations [NESD]
9.1 Electrical Machinery,X-ray and electrotherapeutic apparatus and accessories thereto, medical, diagnostic equipments, namely, Cat-scan, Ultrasound Machines,ECG Monitors, etc. 13 7.31 20.58
9.2 Other Equipments 15 6.33 18.10
10 Plant and Machinery used in manufacture of pharmaceuticals and chemicals [NESD]
10.1 Reactors 20 4.75 13.91
10.2 Distillation Columns 20 4.75 13.91
10.3 Dryingequipments/ Centrifuges and Decanters 20 4.75 13.91
10.4 Vessel / Storage tanks 20 4.75 13.91
11 Plant and Machinery used in civil construction
11.1 Concreting, Crushing, PilingEquipments and Road Making Equipments 12 7.92 22.09
11.2 Heavy Lift Equipments -
Cranes with capacity more than 100 tons 20 4.75 13.91
Cranes with capacity less than 100 tons 15 6.33 18.10
11.3 Transmissionline, Tunnelling Equipments[NESD] 10 9.50 25.89
11.4 Earth-moving equipments 9 10.56 28.31
11.5 Others including Material Handling/ Pipeline / Welding Equipments [NESD] 12 7.92 22.09
12 Plant and Machinery used in salt works [NESD] 15 6.33 18.10
V Furniture and fittings [NESD]
1 General furniture and fittings 10 9.50 25.89
2 Furniture and fittings used in hotels,restaurants and boarding houses, schools, colleges and other education institutions, libraries, welfare centres,meeting halls,cinema houses, theatres and circuses and furniture and fittings let out on hire for used on occasion of marriages and similar functions 8 11.88 31.23
VI Motor Vehicles [NESD]
1 Motor cycles, scooters and other mopeds 10 9.50 25.89
2 Motor buses,motor lorries,motor cars and motor taxies used in a business of running them on hire 6 15.83 39.30
3 Motor buses,motor lorries,motor cars and motor taxies other than those used in a business of running them on 8 11.88 31.23
4 Motor tractors, harvesting combines and heavy vehicles 8 11.88 31.23
5 Electrically operated vehicles including battery powered or fuel cell powered vehicles 8 11.88 31.23
VII Ships [NESD]
(A) Ocean-going ships
1 Bulk Carriers and liner vessels 25 3.80 11.29
2 Crude tankers,product carriers and easy chemical carriers with or without conventional 20 4.75 13.91
3 Chemicals and Acid Carriers
With Stainless steel tanks 25 3.80 11.29
With other tanks 20 4.75 13.91
4 Liquefied gas carriers 30 3.17 9.50
5 Conventional large passenger vessels which are used for cruise purpose also 30 3.17 9.50
6 Coastal service ships of all categories 30 3.17 9.50
7 Offshore supply and support vessels 20 4.75 13.91
8 Catamarans and other high speed passenger for ships or boats 20 4.75 13.91
9 Drill ships 25 3.80 11.29
10 Hovercrafts 15 6.33 18.10
11 Fishing vessels with wooden hull 10 9.50 25.89
12 Dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging 14 6.79 19.26
(B) Vessels ordinarily operating on inland waters
1 Speed Boats 13 7.31 20.58
2 Other Vessels 28 3.39 10.15
VIII Aircrafts or Helicopters [NESD] 20 4.75 13.91
IX Railway siding, locomotives, rolling stocks,tram ways and railway used by concerns, excluding railway 15 6.33 18.10
X Ropeway structures [NESD] 15 6.33 18.10
XI Office equipments [NESD] 5 19.00 45.07
XII Computers and data processing units [NESD]
12.1 Servers and networks 6 15.83 39.30
12.2 End user devices, such as, desktops, laptops, etc. 3 31.67 63.16
XIII Laboratory equipment [NESD]
13.1 General laboratory equipment 10 9.50 25.89
13.2 Laboratory equipments used in education institutions 5 19.00 45.07
XIV Electrical Installations and Equipment [NESD] 10 9.50 25.89
XV Hydraulic woks, pipelines and sluices [NESD] 15 6.33 18.10