TMI BlogTHE FIFTEENTH SCHEDULE - DEPRECIATIONX X X X Extracts X X X X X X X X Extracts X X X X ..... (iii) airport (iv) sea port, or (v) bus terminal 15 (4) Any other building 10 II Furniture and fittings Furniture and fittings including electrical fittings 10 III Vehicles (1) Motor buses, motor lorrys and motor cars, used in a business of running them on hire 30 (2) Any other Motor bus, motor lorry or motor car 15 IV Aeroplanes Aeroplanes including aeroengines 40 V Rails (1) Engines, coaches and wagons 40 VI Ships (2) Rolling stock 15 (1) Ocean-going vessels 20 (2) Speed boats ordinarily operating on inland waters 20 (3) Any other vessel ordinarily operating on inland waters 20 VII Books (1) Annual publications used for carrying out a profession 100 (2) Any other book used for carrying out a profession 60 (3) Book used for carrying out a business of running lending libraries ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assets (1) Any right, by way of licence or franchise, to operate a business or to use a know-how, patent, copyright, trademark or any other business or commercial right of similar nature 25 (2) Prescribed preliminary expenditure incurred (a) before the commencement of the business; or 25 (b) in connection with the extension of the business; or (c) in connection with the setting up of new business 25 (3) Asset or project constructed, erected or set up by the assessee if,- (a) benefit or advantage arises to the assessee over a fixed period not exceeding ten years; and (b) asset is not owned by the assessee. 20 (4) Asset or project constructed, erected or set up by the assessee if,- (a) benefit or advantage arises to the assessee over a fixed period exceeding ten years; and (b) asset is not owned by the assessee. 15 (XII) Deferred revenue expenditure (1) Non-compete fee 25 ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; (b) 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; (c) "Infrastructure industry asset" shall include water treatment system for desalination, demineralisation and purification of water. as well as pipes needed for delivery from the source of supply of raw water to the plant and from the plant to the storage facility; (d) "Electrical fittings" shall include electrical wiring, switches, sockets and other fittings and fans; (e) "Computer software" shall mean any computer programme recorded on any disc, tape, perforated media or other information storage device; (f) "Speed boat" shall mean a motor boat driven by a high speed internal combustion engine capable of propelling the boat at a speed exceeding 24 kilometers 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; (g) "Ocean going ships" shall include dredgers, tugs, barg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uding, Paediatric resectoscope/audit resectoscope, Peritoneoscopes, Arthoscope, Microlaryngoscope, Fibreoptic Flexible Nasal Pharyngo Bronchoscope, Fibreoptic Flexible Laryngo Bronchoscope, Video Laryngo Bronchoscope and Video Oesophago Gastroscope, Stroboscope, Fibreoptic Flexible Oesophago gastroscope; or (xv) Laparoscope (single incision); (l) "Energy saving device" shall mean - (i) Specialised boilers and furnaces, being- (A) Ignifluid/fluidized bed boilers; (B) Flameless furnaces and continuous pusher type furnaces; (C) Fluidized bed type heat treatment furnaces;or (D) High efficiency boilers (thermal efficiency higher than 75 per cent in case of coal fired and 80 per cent in case of oil/gas fired boilers); (ii) Instrumentation and monitoring system for monitoring energy flows, being- (A) Automatic electrical load monitoring systems; (B) Digital heat loss meters; (C) Micro-processor based control systems; (D) Infra-red thermography; (E) Meters for measuring heat losses, furnace oil flow, steam f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (vii) Other energy saving device, being - (A) Wet air oxidation equipment for recovery of chemicals and heat; (B) Mechanical vapour recompressors; (C) Thin film evaporators; (D) Automatic micro-processor based load demand controllers; (E) Coal based producer gas plants; (F) Fluid drives and fluid couplings; (G) Turbo charges/super-charges;or (H) Sealed radiation sources for radiation processing plants. (m) "Renewal energy device" shall mean - (i) Flat plate solar collectors; (ii) Concentrating and pipe type solar collectors; (iii) Solar cookers; (iv) Solar water heaters and systems; (v) Air/gas/fluid heating systems; (vi) Solar crop driers and systems; (vii) Solar refrigeration, cold storages and air conditioning systems; (viii) Solar steels and desalination systems; (ix) Solar power generating systems; (x) Solar pumps based on solar-thermal and solar-photovoltaic conversion; (xi) Solar-photovoltaic modules and panels for water pumping and other ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
