DEPRECIATION RATES AS PER INCOME TAX ACT FOR A.Y.2012-13 PDF

Notes: 1. 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. In respect of any structure or work by way of renovation or improvement in or in relation to a building referred to in Explanation 1 of clause ii of sub-section 1 of section 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. Water treatment system includes system for desalination, demineralisation and purification of water.

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Jeeps are classifiable as motor cars — Crompton Engg. Madras Ltd. Manjeet Stone Co. Sarojini Transports P. CIT [] Taxman Guj. Kodak Ltd. Jayachandran [] ITR Ker. Company manufacturing insulated wires and cables is not covered under this entry—CIT v. Falcon Wires P. Machinery used for dyeing, bleaching and printing of cloth manufactured by some other person will not fall under this item—CIT v.

Mere fact that assessee sold some cylinders during the previous year will not convert the cylinders into stock-in-trade. Distillers Trading Corporation Ltd. Other Notes: 1. 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.

In respect of any structure or work by way of renovation or improvement in or in relation to a building referred to in Explanation 1 of clause ii of sub-section 1 of section 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. Water treatment system includes system for desalination, demineralisation and purification of water.

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. Plant has been held to include: movable partitions [Jarrold vs. Tarun Commercial Ltd. Warner Hindustan Ltd. Venkata Rao Taxman SC ]. However, w. Depreciation on assets acquired on hire purchase basis should be allowed to the hirer where the terms of the agreement provide that the equipment shall eventually become the property of the hirer or confer on the hirer an option to purchase the equipment [Circular No.

Depreciation in respect of motor car manufactured outside India acquired on or after or before shall be allowed. The claim of depreciation is mandatory w. Mahendra Mills Taxman which held that the depreciation claim is optional. Depreciation is allowable even on jointly owned assets.

In respect of depreciable assets employed in power projects, depreciation may be computed under the Straight Line Method on individual assets [Rule 5 1A ] — [Appendix IA]. Alternatively, the undertaking, may at its option, also claim depreciation at the normal rates Rule 5 1 — Appendix I , subject to the option being exercised prior to the due date of filing the return of income.

In the event of sale or disposal of such assets, if the sale consideration.

BEKENNTNISSE EINER INTERNET-EXHIBITIONISTIN PDF

Depreciation chart as per Income Tax Act for FY 2012-13

However, companies are taxed at fixed rate, except for certain specified incomes. This write-up will provide you the information on tax rates applicable to various taxpayers. It is a mechanism wherein a person responsible to pay a sum of specified nature shall deduct an amount towards TDS and pay it to the credit of Central Government. This write up covers all such rates. Tax is deductible at the rates prescribed under the Act or under the relevant DTAA, whichever is more beneficial for non-resident.

ANGOLRA HANGOLVA PDF

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. In respect of any structure or work by way of renovation or improvement in or in relation to a building referred to in Explanation 1 of clause ii of sub-section 1 of section 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. Water treatment system includes system for desalinisation, demineralisation and purification of water. 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. He writes mainly about GST and Finance.

BEGOVAC INFEKTOLOGIJA PDF

Zolozahn Depreciation rate as per income tax Know-how, patents, copyrights, trademarks, licences, franchisees or any other business or commercial rights of similar nature. Gas cylindervalves and regulators. Air-conditioning machinery including room air-conditioners. This is used to provide traffic data and reports to the authors of articles on the HubPages Service. Water pollution, Air Pollution control equipment, control equipment, solid waste control equipment, solid waste recycling and resource recovery systems. You can take print out or take PDF version by selecting rows for all entries and clicking on respective option which is available at the end of post.

KNUT SCHMIDT-NIELSEN ANIMAL PHYSIOLOGY PDF

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