S AssetClass AssetType Rate of No. Depreciation |
1. |
Building |
Residential buildings except hotels and boarding houses |
5% |
2. |
Building |
Hotels and boarding houses |
10% |
3. |
Building |
Purely temporary erections such as wooden structures |
100% |
4. |
Furniture |
Furniture – Any furniture / fittings including electrical fittings and air conditioners |
10% |
5. |
Plant & Machinery |
Motor car, motor cycle,bike, scooter other than those used in a business of running them on hire, Mobile phone |
15% |
6. |
Plant & Machinery |
Motor buses/taxies/lorries used in a business of running them on hire |
30% |
7. |
Plant & Machinery |
Computers, Laptops, computer software, Printer, Scanner, UPS and other peripheral devices (Related Case Law) |
60% |
8. |
Plant & Machinery |
Books owned by assessee, carrying on profession being annual publications |
100% |
9. |
Plant & Machinery |
Books owned by assessee, carrying on profession not being annual publications |
60% |
10. |
Plant & Machinery |
Books owned by assessee, carrying on business in running lending libraries |
100% |
11. |
Intangible Assets |
Know how, patents, copyright, trademark, license, franchise or any other business or commercial rights of similar nature |
25% |