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TMI BlogDEPRECIATIONX X X X Extracts X X X X X X X X Extracts X X X X ..... ge of adjusted value or of written down value of block of assets. (1) (2) (3) (4) 1. Building (1) Buildings which are used mainly for residential purposes. (2) Buildings which are purely temporary erections such as wooden structures. (3) Buildings used as, or for-— (i) hotel or boarding house, ii) railway station, (iii) airport, (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) En ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ass melting furnaces. (20) Returnable packages used in field operations (above ground) distribution by petroleum or natural gas concerns. (21) Plant used in field operations (below ground) by petroleum or natural gas concerns. (22) Machinery and plant acquired and installed in a water supply project or water treatment system and which is put to use for the pupose of business of providing infrastructure facility. (23) Any other machinery or plant. 30 100 100 100 40 50 60 80 80 30 100 100 100 100 100 80 80 60 60 60 60 100 15 9. Scientific research assets All assets, other than land, used for scientific research. 100 10 Family planning asset All assets used by a company for the purpose of promoting family planning. 25 11. Animals Animals 0 12. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tructed, or work done, by way of extension of any 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 above, as would be appropriate, as if the structure, or work, constituted a separate building. 6. In this Schedule— (a) "buildings" include roads, bridges, culverts, wells and tubewells; (b) "building mainly used for residential purpose" means a building where 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) "water treatment system" includ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 uni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er factor meters; (F) maximum demand indicator and clamp on power meters; (G) exhaust gases analyzer; or (H) fuel oil pump test bench; (iii) waste heat recovery equipment, being— (A) economisers and feed water heaters; (B) recuperators and air pre-heaters; (C) heat pumps; or (D) thermal energy wheel for high and low temperature waste heat recovery; (iv) co-generation systems, being— (A) back pressure pass out, controlled extraction, extraction-cum-condensing turbines for co-generation along with pressure boilers; (B) vapour absorption refrigeration systems; (C) organic rankine cycle power systems; or (D) low inlet pressure small steam turbines; (v) electrical equipment, being— (A) shunt capacitors and synchronous condenser systems; (B) auto ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rbo charges/super-charges;or (H) sealed radiation sources for radiation processing plants; (m) "renewal energy device" means— (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 applications; (xii) Wind mills and any specially designed devices which run on wind mills; (xiii) Any special d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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