Tag Archives: Depreciation

Depreciation rates as per Income Tax Act

Depreciation rates as per Income Tax Act (For F.Y 2014-15 & 2015-16) Depreciation rates as per I.T Act for most commonly used assets S No. Asset Class Asset Type Rate of Depreciation   1. Building Residential buildings except hotels and boarding houses 5% 2. Building Hotels and boarding houses 10% 3. Building Purely temporary erections… Read More »