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Depreciation rates & Due dates as per Companies Act, F.Y. 2012-13, A.Y. 13-14 & 14-15

Updated on November 13, 2013
Source

Rates of Depreciation, as per Companies Act, 1956 & Companies Bill, 2013-

Nature of assets
 
Single Shift
 
Double Shift
 
Triple Shift
 
 
 
WDV
SLM
WDV
SLM
WDV
SLM
1
 
2
3
4
5
6
7
I. (a)
BUILDINGS (other than factory buildings) [NESD]
5%
1.63%
..
..
..
..
(b)
FACTORY BUILDINGS
10%.
3.34%
..
..
..
..
(c)
PURELY TEMPORARY ERECTIONS such as wooden structures
100%
100%
..
..
..
..
II. PLANT AND MACHINERY
 
 
 
 
 
 
 
1[(i) General rate applicable to,
 
 
 
 
 
 
 
(a) plant and machinery (not being a ship) other than continuous process plant for which no special rate has been prescribed under (ii) below
 
13.91%
4.75%
20.87%
7.42%
27.82%
10.34%
(b)continuous process plant, 2[* * *] for which no special rate has been prescribed under (ii) below [NESD]
 
15.33%
5.28%
..
..
..
..]
(ii) Special rates
 
 
 
 
 
 
 
A.1.Cinematograph films Machinery used in the production and exhibition of cinematograph films [NESD]
 
20%
7.07%
..
..
..
..
(a) Recording equipment, reproducing equipment, developing machines, printing machines, editing machines, synchronisers and studio lights except bulbs
 
 
 
 
 
 
 
(b) Projecting equipment of film exhibiting concerns
 
 
 
 
 
 
 
2. Cycles [NESD]
 
 
 
 
 
 
 
3[3. Electrical machinery, X-ray and electro-therapeutic apparatus and accessories thereto, medical, diagnostic equipments, namely, cat-scan, ultrasound machines, ECG monitors, etc. [NESD]
 
20%
7.07%
..
..
..
..
4. Juice boiling pans (karhais) [NESD]
 
20%
7.07%
..
..
..
..
5. Motor-cars, motor-cycles, scooters and other mopeds [NESD]
 
25.89%
9.50%
..
..
..
..
6. Electrically operated vehicles including battery powered or fuel cell powered vehicles [NESD]
 
20%
7.07%
..
..
..
..
7. Sugarcane crushers (indigenous kolhus and belans) [NESD]
 
20%
7.07%
..
..
..
..
8. Glass manufacturing concerns except direct fire glass melting furnaces Recuperative and regenerative glass melting furnaces
 
20%
7.07%
30%
11.31%
40%
16.21%
9. Machinery used in the manufacture of electronic goods and components
 
15.62%
5.38%
23.42%
8.46%
31.23%
11.87%]
B. 1. 4[Aeroplanes, aero engines, simulators, visual system and quick engine change equipment [NESD]
 
16.20%
5.6%]
 
 
 
 
2. Concrete pipes manufacture Moulds [NESD]
 
30%
11.31%
..
..
..
..
3. Drum containers manufacture Moulds [NESD]
 
 
 
 
 
 
 
4. Earth-moving machinery employed in heavy construction works, such as dams, tunnels, canals, etc. [NESD]
 
 
 
 
 
 
 
5. Glass manufacturing concerns except direct fire glass melting furnaces Moulds [NESD]
 
 
 
 
 
 
 
6. Moulds in iron foundries [NESD]
 
 
 
 
 
 
 
7. Mineral oil concerns Field operations (above ground),Portable boilers, drilling tools, well-head tanks, rigs, etc. [NESD]
 
 
 
 
 
 
 
8. Mines and quarriesPortable underground machinery and earth-moving machinery used in open cast mining [NESD]
 
 
 
 
 
 
 
9. Motor buses and motor lorries other than those used in a business of running them on hire [NESD]
 
 
 
 
 
 
 
9A. Motor tractors, harvesting combines [NESD]
 
 
 
 
 
 
 
10. Patterns, dies and templates [NESD]
 
 
 
 
 
 
 
11. Ropeway structuresRopeways, ropes and trestle sheaves and connected parts [NESD]
 
 
 
 
 
 
 
12. Shoe and other leather goods fabrics Wooden lasts used in the manufacture of shoes
 
30%
11.31%
45%
18.96%
60%
29.05%
C. 1. 5[** ** **]
 
 
 
 
 
 
 
2. Motor buses, motor lorries and motor taxis used in a business of running them on hire [NESD]
 
40%
16.21%
..
..
..
..
3. Rubber and plastic goods factories Moulds [NESD]
 
 
 
 
 
 
 
4. Data processing machines including computers [NESD]
 
40%
16.21%
..
..
..
..
5. Gas cylinders including valves and regulators [NESD]
 
 
 
 
 
 
 
D. 1. Artificial silk manufacturing machinery with wooden parts
 
100%
100%
..
..
..
..
2. Cinematograph films Bulbs of studio lights
 
 
 
 
 
 
 
3. Flour millsRollers
 
 
 
 
 
 
 
4. Glass manufacturing concerns Direct fire glass melting furnaces
 
 
 
 
 
 
 
4A. Flot Glass Melting Furnaces (NESD)
 
27%
10%
..
..
..
..
5. Iron and Steel industries Rolling mill rolls
 
100%
100%
..
..
..
..
6. Match factories Wooden match frames
 
 
 
 
 
 
 
7. Mineral oil concerns (a) Plant used in field operations (below ground)Distribution returnable packages; (b) Plant used in field operations (below ground) but not including assets used in field operations (distribution) Kerbside pumps including underground tanks and fittings
 
 
 
 
 
 
 
8. Mines and quarries
 
 
 
 
 
 
 
(a) Tubs, winding ropes, haulage ropes and sand stowing pipes
 
 
 
 
 
 
 
(b) Safety lamps
 
 
 
 
 
 
 
9. Salt works, Salt pans, reservoirs and condensers, etc., made of earthy, sandy or clay material or any other similar material
 
 
 
 
 
 
 
10. Sugar worksRollers
 
 
 
 
 
 
 
III.FURNITURE AND FITTINGS
 
 
 
 
 
 
 
6[1. General Rates [NESD]
 
18.10%
6.33%
..
..
..
..
2. Rate for furniture and fittings used in hotels, restaurants and boarding houses; schools, colleges and other education al institutions, libraries; welfare centres; meeting halls, cinema houses; theatres and circuses; and for furniture and fittings let out on hire for use on the occasion of marriages and similar functions [NESD]
 
 
 
 
 
 
 
IV. SHIPS
 
 
 
 
 
 
 
1. Ocean-going ships
 
25.88%
9.50%
..
..
..
..
(i) Fishing vessels with wooden hull [NESD]
 
 
 
 
 
 
 
(ii) Dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging purposes [NESD]
 
27.05%
10%
..
..
..
..
(iii) Other ships [NESD]
 
19.80%
7%
..
..
..
..
2. Vessels ordinarily operating on inland waters
 
14.60%
5%
..
..
..
..
(i) Speed boats [NESD]
 
 
 
 
 
 
 
(ii) Other vessels [NESD]
 
 
 
 
 
 
 
WDV means written down value
 
20%
7.07%
..
..
..
..
SLM means straight line method
 
10%
3.34%
..
..
..
..
Burden of Tax on Low Earning Individuals
Burden of Tax on Low Earning Individuals | Source

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