TMI BlogDEPRECIATIONX X X X Extracts X X X X X X X X Extracts X X X X ..... (iv) sea port, (v) bus terminal (vi) hospital, or (vii) convention centre (4) Any other building. 5 100 15 10 2. Furniture and fittings Furniture and fittings including electrical fittings. 10 3. Vehicles (1) Motor buses, motor lorries and motor cars, used in a business of running them on hire. (2) Any other motor bus, motor lorry or motor car. 30 15 4. Aeroplanes Aeroplanes including aeroengines. 40 5. Rails (1) Engines, coaches and wagons. (2) Rolling stock. 40 15 6. Ships (1) Ocean-going vessels. (2) Speed boats ordinarily operating on inland waters. (3) Any other vessel ordinarily operating on inland waters. 10 10 10 7. Books (1) Annual publications used for carrying on a profession. (2) Any other book used for carrying on a profession. (3) Book used for carrying on a business of running lending libraries . (4) Any other book. 100 60 100 25 8. Machinery and Plant (1) Moulds used in rubber and plastic goods factori ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ot exceeding ten years; and (b) asset is not owned by the assessee. (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 exceeding ten years;and (b) asset is not owned by the assessee. 25 20 15 2. No depreciation shall be allowed in respect of any machinery or plant, if the actual cost thereof is allowed as a deduction in one or more years. 3. The depreciation shall be one hundred per cent. of the adjusted written down value of the block of assets referred to in the class of assets at serial number 12 of the Table, if the adjusted value or written down value of the block of assets is one lakh rupees or less. 4. In respect of any structure, or work, by way of renovation or improvement in, or in relation to, a building used for the purposes of business of the person, the percentage to be applied shall be the percentage specified in any sub-item of the block of assets in serial number 1 of the said Table, as may be appropriate to the class of building in, or in relation to, which the renovation or improvement is effected. 5. In respect of any struct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... echanically aerated activated sludge systems; (vii) aerated lagoon systems; (viii) biofilters; (ix) methane-recovery anaerobic digester systems; (x) air floatation systems; (xi) air, steam stripping systems; (xii) urea hydrolysis systems; (xiii) marine outfall systems; (xiv) centrifuge for dewatering sludge; (xv) rotating biological contractor or bio-disc; (xvi) ion exchange resin column; and (xvii) activated carbon column; (j) "Solidwaste control equipments" means— (i) caustic, lime, chrome, mineral, cryolite recovery systems; and (ii) solidwaste recycling and resource recovery systems; (k) "life saving medical equipment" means— (i) D.C1015205303540254550. defibrillators for internal use and pace makers; (ii) haemodialysors; (iii) heart lung machine; (iv) cobalt therapy unit; (v) colour doppler; (vi) SPECT gamma camera; (vii) vascular angiography system including digital substraction angiography; (viii) ventilator used with anaesthesia apparatus; (ix) magnetic re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... matic power cut off devices (relays) mounted on individual motors; (C) automatic voltage controller; (D) power factor controller for AC motors; (E) solid state devices for controlling motor speeds; (F) thermally energy-efficient stenters (which require 800 or less kilocalories of heat to evaporate one kilogram of water); (G) series compensation equipment; (H) Flexible AC Transmission (FACT) devices - Thyristor controlled series compensation equipment; (I) time of Day (ToD) energy meters; (J) equipment to establish transmission highways for National Power Grid to facilitate transfer of surplus power of one region to the deficient region; (K) remote terminal units/intelligent electronic devices, computer hardware/ software, router/bridges, other required equipment and associated communication systems for supervisory control and data acquisition systems, energy management systems and distribution management systems for power transmission systems; or (L) special energy meters for Availability Based Tariff (ABT); (vi) burners, being — (A) 0 to 10 per cent. exc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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