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TMI BlogTHE FIFTEENTH SCHEDULE - DEPRECIATIONX X X X Extracts X X X X X X X X Extracts X X X X ..... tor 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 100 (4) Any other book 25 VIII Machinery and Plant (1) Moulds used in rubber and plastic goods factories 30 (2) Air pollution control equipment 100 (3) Water pollution control equipment 100 (4) Solid waste control equipment 100 (5) Life saving medical equipment 40 (6) Containers made of glass, or plastic, used as refills 50 (7) Computers including computer software 60 (8) Energy saving devices 80 (9) Renewable energy devices 80 (10) Machinery and plant, used in semiconductor industry 30 (11) Wooden parts used in artificial silks manufacturing machinery 100 (12) Bulbs of studio lights used for cinematograph films 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... posit of any mineral, to the extent prescribed 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 deduction under section 35 in respect of an asset, acquired by the assessee during the financial year and put to use for the purposes of business for a period of less than one hundred and eighty days in that financial year, shall be restricted to fifty per cent of the amount calculated at the percentage prescribed for the block of assets in which the asset falls, in the Table above. 4. The depreciation shall be hundred per cent. of the adjusted written down value of the block of assets referred to in the class of assets at serial number (XI) and (XII) of the Table, if the adjusted written down value of the block of assets is hundred thousand rupees or less. 5. In respect of any structure, or work, by way of renovation or improvement in, or in relation to, a building referred to in clause (b) of sub-section (2) of section 34, the percentage to be applied will be the percentage specified in any sub-item of the block of assets in serial number I of Table above, as may be appropriat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... flocculators and mechanical reactors; (vi) Diffused air/mechanically 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" shall mean - (i) caustic/lime/chrome/mineral/ cryolite recovery systems; and (ii) Solidwaste recycling and resource recovery systems. (k) "Life saving medical equipment" shall mean - (i) D.C. 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 Resonance Imaging System; (x) Surgical Laser; (xi) Ventilators other than those used with anaesthesia; (xii)Gamma knife; (xiii) Bone Marrow Transplant Equipment including silasti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h 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 excess air burners; (B) Emulsion burners; or (C) Burners using air with high pre-heat temperature (above 300°C); and (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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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