| 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% |