Tax Depreciation rates applicable for the accounting year ending March 31, 1993
---------------------------------------------------------------------- Block of assets Depreciation Rates (%) ---------------------------------------------------------------------- Building Dwelling units with plinth area not exceeding 80 square metres and hotels 20 Mainly residential 5 Others 10 Purely temporary structures 100 Machinery and Equipment General 25 Special: Motor cars, other than those used in business of hire, acquired after April 1, 1990 20 Airplans, air engines, specified moulds; air and water pollution control equipment; solid waste control equiipment; motor buses, motor trucks; motor taxies used in a business of hire 40 Specified energy-saving/renewable energy devices; specified machinery used in mines and qarries, mineral oil concerns, salt and sugar works, iron and steel industries, glassworks, etc. 100 Furniture and Fittings General 10 Special furniture and fittings in hotels, cinemas, etc. 15 Ships Oceangoing ships, including dredgers, etc. and speedboats 20 Inland water vessels 10 ----------------------------------------------------------------------
Centre for Monitoring Indian Economy, Bombay
Contact Addresses for More Information
Last updated: May 1995.