Rates of Depreciation- PGBP
Rates of Depreciation
S No. | Asset Class | Asset Type | Rate of Depreciation |
| Building | Residential buildings except hotels and boarding houses | 5% |
| 2. | Building | Hotels and boarding houses | 10% |
| 3. | Building | Purely temporary erections such as wooden structures | 40% |
| 4. | Furniture | Furniture – Any furniture / fittings including electrical fittings and air conditioners | 10% |
| 5. | Plant & Machinery | Motor car, motor cycle, bike, scooter other than those used in a business of running them on hire, Mobile phone | 15% |
| 5. | Plant & Machinery | Motor car, motor cycle, bike, scooter other than those used in a business of running them on hire, acquired on or after the 23rd day of August, 2019 but before the 1st day of April, 2020 and is put to use before the 1st day of April, 2020. | 30% |
| 6. | Plant & Machinery | Motor buses/taxies/lorries used in a business of running them on hire | 30% |
| 6. | Plant & Machinery | Motor buses/taxies/lorries used in a business of running them on hire, acquired on or after the 23rd day of August, 2019 but before the 1st day of April, 2020 and is put to use before the 1st day of April, 2020. | 45% |
| 7. | Plant & Machinery | Computers, Laptops, computer software, Printer, Scanner, UPS and other peripheral devices | 40% |
| 8. | Plant & Machinery | Books owned by assessee, carrying on profession being annual publications | 40%
|
| 9. | Plant & Machinery | Books owned by assessee, carrying on profession not being annual publications | 40% |
| 10. | Plant & Machinery | Books owned by assessee, carrying on business in running lending libraries | 40% |
| 11. | Intangible Assets | Know how, patents, copyright, trademark, license, franchise or any other business or commercial rights of similar nature | 25% |
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