Table of rates at which depreciation is admissible

APPENDIX I ( See rule 25) TABLE OF RATES AT WHICH DEPRECIATION IS ADMISSIBLE PART A TANGIBLE ASSETS S. No. Depreciation allowance as percentage of written down value (1) (3) Buildings which are used mainly for residential purposes except hotels and boarding houses Buildings other than those used mainly for residential purposes and not covered by sub-items (1) above and (3) below Buildings 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 infrastructure facilities under section 80-IA(4)(i) of the Income-tax Act, 1961 Purely temporary erections such as wooden structures 10 Machinery and plant other than those covered by sub-items (2) , (3) and (8) below: (i) (ii) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) (i) (ii) IV Ships Ocean-going ships including dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging purposes and fishing vessels with wooden hull Vessels ordinarily operating on inland waters, not covered by sub-item (3) below Vessels ordinarily operating on inland waters being speed boats [See Note 9 below] PART B INTANGIBLE ASSETS S. No. Depreciation allowance as percentage of written down value (1) (3) 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. In respect of any structure or work by way of renovation or improvement in or in relation to a building referred to in section 33(6), the percentage to be applied will be the percentage specified against sub-item (1) or (2) of item 1 of PART A 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. 4. Water treatment system includes system for desalination, demineralisation and purification of water. 5. "Electrical fittings" include electrical wiring, switches, sockets, other fittings and fans, etc. 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 assigned to them in section 2 of the Motor Vehicles Act, 1988 (59 of 1988). 7. "Computer software" means any computer program recorded on any disc, tape, perforated media or other information storage device. 8. 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. 9. "Speed boat" means a motor boat driven by a high speed internal combustion engine capable of propelling the boat at a speed exceeding 24 kilometres 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.