CA Naigam Shah

IMPORTANT DATES : >E Return of Vat for Quarter / Month ended on March : 31st May 2015       > E Vat Audit 2013-14 30th June 2015       > E TDS Return Quarter Ended on March : 15th May 2015       > E- Return of VAT for quarter ended June : 25/07/2013      > Physical Return of VAT & CST for the quarter ended June : 28/07/2013      > Return of TDS for June quarter in DVAT-48 : 28/07/2013      >> Issue of QuarterlyTDS/TCS certificate for June quarter. : 30/07/2013      > Filing of I.T. Returns by Individuals , HUF (without Audit) : 31/07/2013      > Filing of I.T. return by Firms,AOPs, BOIs (without audit) : 31/07/2013      > TDS returns for June Quarter for Govt. deductors : 31/07/2013      > Filing of wealth tax returns (without audit) : 31/07/2013     
RATES OF DEPRECIATION UNDER THE COMPANIES ACT


Nature of Assets

W.D.V
%

S.L.M
%

I

a)

Buildings (other than factory buildings) [NESD]

5

1.63

b)

Factory Buildings

10

3.34

c)

Purely Temporary Erections (such as wooden structures)

100

100

II. Plant and Machinery

i)

General rate applicable to,

a) plant and machinery (not being a ship) other than continuous process plant for which no special rate has been prescribed under (ii) below

Single Shift
Double Shift
Triple Shift

    13.91
20.87
27.82

    4.75
7.42
10.34

b) continuous process plant, other than those for which no special rate has been prescribed under (ii) below (NESD)

15.33

5.28

ii)

Special rates

A.

1.

Cinematograph films - Machinery used in the production and exhibition of cinematograph films [NESD] -

20

7.07

a)

Recording equipment, reproducing equipment, developing machines, printing machines, editing machines, synchronisers and studio lights except bulbs

b)

Projecting equipment of film exhibiting concerns

2.

Cycles [NESD]

20

7.07

3.

Electrical machinery, X-ray and electrotherapeutic apparatus and accessories thereto, medical, diagnostic equipments, namely, Catscan, Ultrasound Machines, ECG Monitors etc. [NESD]

20

7.07

4.

Juice boiling pans (karhais) [NESD]

20

7.07

5.

Motor-cars, motor cycles, scooters and other mopeds [NESD]

25.89

9.5

6.

Electrically operated vehicles including battery powered or fuel cell powered vehicles [NESD]

20

7.07

7.

Sugarcane crushers (indigenous kolhus and belans) [NESD]

20

7.07

8.

Glass manufacturing concerns except direct fire glass melting furnaces - Recuperative and regenerative glass melting furnaces

Single Shift
Double Shift
Triple Shift

20
30
40

7.07
11.31
16.21

9.

Machinery used in the manufacture of electronic goods or components

Single Shift
Double Shift
Triple Shift

15.62
23.42
31.23

5.38
8.46
11.87

B.

1.

Aeroplanes, aeroengines, simulators, visual system and quick engine change equipment [NESD]

16.2

5.6

2.

Concrete pipes manufacture Moulds [NESD]

30

11.31

3.

Drum container manufacture Dies [NESD]

4.

Earth-moving machinery employed in heavy construction works, such as dams, tunnels, canals, etc. [NESD]

5.

Glass manufacturing concerns except direct fire glass melting furnaces - Moulds [NESD]

6.

Moulds in iron foundries [NESD]

7.

Mineral oil concerns - Field operations (above ground) - Portable boilers, drilling tools, well-head tanks, rigs, etc. [NESD]

8.

Mines and quarries - Portable underground machinery and earth-moving machinery used in open cast mining [NESD]

9.

Motor buses and motor lorries other than those used in a business of running them on hire [NESD]

9A

Motor tractors, harvesting combines [NESD]

10.

Patterns, dies and templates [[NESD]

11.

Ropeway structures - Ropeways, ropes and trestle sheaves and connected parts [NESD]

12.

Shoes and other leather goods factories - Wooden lastsused in the manufacture of shoes.

Single Shift
Double Shift
Triple Shift

30
45
60

11.31
18.96
29.05

C.

1.

Motor buses, motor lorries and motor taxies used in a business or running them on hire [NESD]

    40

 16.21

2.

Rubber and plastic goods factories - Moulds [NESD]

3.

Data processing machines including computers [NESD]

4.

Gas cylinders including valves and regulators [NESD]

D

1.

Artificial silk manufacturing machinery wooden parts

100

100

2.

Cinematography films - Bulbs of studio lights

3.

Flour mills - Rollers

4.

Glass manufacturing concerns - Direct fire glass melting furnaces

4A.

Float Glass Melting Furnaces (NECD)

27

10

5.

Iron and Steel industries - Rolling mill rolls

     100

   100

6.

Match factories - Wooden match frames

7.

Mineral oil concerns -
a) Plant used in field operations (below ground) - Distribution - returnable packages
b) Plant used in field operations (below ground) but not including assets used in field operations (distribution) - Kerbside pumps including underground tanks and fittings

8.

Mines and quarries -
a) Tubs, windings ropes, haulage ropes and sand stowing pipes
b) Safety lamps

9.

Salt works - Salt pans, reservoirs and condensers, etc., made of earthy, sandy or clay material or any other similar material

10.

Sugar works - Rollers

III

Furniture and Fittings -

1.

General rates [NESD]

18.1

6.33

2.

Rate for furniture and fittings used in hotels, restaurants and boarding houses; schools, colleges and other educational institutions, libraries; welfare centres; meeting halls, cinema houses; theatres and circus; and for furniture and fittings let out on hire for use on the occasion of marriages and similar functions [NESD]

25.88

9.5

IV

Ships -

1.

Ocean-going ships -

i) Fishing vessels with wooden hull [NESD]

27.05

10

ii) Dredgers, tugs, barges, survey launches and other similar ships used mainly for dredging purposes [NESD]

19.8

7

iii) Other ships [NESD]

14.6

5

2.

Vessels ordinarily operating on inland waters -

i) Speed boats [NESD]

20

7.07

ii) Other vessels [NESD]

10

3.34

W.D.V. : Written Down Value
S.L.M. : Straight Line Method