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TMI BlogIncome-tax (Sixth Amendment) Rules, 2005X X X X Extracts X X X X X X X X Extracts X X X X ..... 1st day of September, 2002 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 clause (i) of sub-section (4) of section 80-IA. 100 (4) Purely temporary erections such as wooden structures 100 II. FURNITURE AND FITTINGS Furniture and fittings including electrical fittings 10 [See Note 5 below this Table] III. MACHINERY AND PLANT (1) Machinery and plant other than those covered by sub-items (2), (3) and (8) below: 15 (2) Motor cars, other than those used in a business of running them on hire, acquired or put to use on or after the 1st day of April, 1990 15 (3) (i) Aeroplanes-Aeroengines 40 (ii) Motor buses, motor lorries and motor taxies used in a business of running them on hire 30 (iii) Commercial vehicle which is acquired by the assessee on or after the 1st day of October, 1998, but before the 1st day of April, 1999 and is put to use for any period before the 1st day of April, 1999 for the purposes of business or profession in accordance with the third proviso to clause (ii) of sub-section (1) of section 32 [See Note 6 below ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cluding hybrid integrated circuits) ranging from Small Scale Integration(SSI) to Large Scale 30 Integration/Very Large Scale Integration(LSI/VLSI) as also discrete semi-conductor devices such as diodes, transistors, thyristors, triacs, etc., other than those covered by entries(viii),(ix) and(x) of this sub-item and sub-item(8) below 30 (xia) Life saving medical equipment, being (a) D.C. Defibrillators for internal use and pace makers (b) Haemodialysers (c) Heart lung machine (d) Cobalt Therapy Unit (e) Colour Doppler (f) SPECT Gamma Camera (g) Vascular Angiography System including Digital Subtraction Angiography - (h) Ventilator used with anaesthesia apparatus 40 (i) Magnetic Resonance Imaging System (j) Surgical Laser (k) Ventilator other than those used with anaesthesia (l) Gamma knife (m) Bone marrow Transplant Equipment including silastic long standing intravenous catheters for chemotherapy (n) Fibre optic endoscopes including, Paediatric resectoscope/ audit resectoscope, Peritoneoscopes, Arthoscope, Microlaryngoscope, Fibreoptic Flexible Nasal Pharyngo Bronchoscope, Fibreoptic Flexible Laryngo Bronchoscope, Video Laryngo Bronchoscope and Video Oesophago Gastr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecovery D. Co-generation systems: (a) Back pressure pass out, controlled extraction, extraction-cum-condensing turbines for co-generation along with pressure boilers 80 (b) Vapour absorption refrigeration systems (c) Organic ranking cycle power systems 80 (d) Low inlet pressure small stem turbines E. Electrical equipment: (a) Shunt capacitors and synchronous condenser systems (b) Automatic 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 80 (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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... try(a) above 60 (ii) Books owned by assessees carrying on business in running lending libraries 100 IV. Ships (1) Ocean-going ships including dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging purposes and fishing vessels with wooden hull 20 (2) Vessels ordinarily operating on inland waters, not covered by sub-item (3) below 20 (3) Vessels ordinarily operating on inland waters being speed boats [See Note 10 below this Table] 20 Part B Intangible assets Know-how, patents, copyrights, trademarks, licences, franchises or any other business or commercial rights of similar nature 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 Explanation 1 of clause (ii) of sub-section (1) of section 32, th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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