of any of the above sub items 9 i Books owned by assessees carrying on a

Of any of the above sub items 9 i books owned by

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of any of the above sub-items(9) (i) Books owned by assessees carrying on a profession(a) Books, being annual publications10010040(b) Books, other than those covered by entry (a)above606040(ii) Books owned by assessees carrying on business inrunning lending libraries10010040IV. SHIPS(1) Ocean-going ships including dredgers, tugs, barges,survey launches and other similar ships used mainly fordredging purposes and fishing vessels with woodenhull252020(2) Vessels ordinarily operating on inland waters, notcovered by sub-item (3) below252020(3) Vessels ordinarily operating on inland waters beingspeed boats [SeeNote 10 below the Table]252020PART BINTANGIBLE ASSETSKnow-how, patents, copyrights, trademarks, licences, franchises orany other business or commercial rights of similar nature252525Notes:1."Buildings" include roads, bridges, culverts, wells and tubewells.2.A building shall be deemed to be a building used mainly for residential purposes, if the built-upfloor area thereof used for residential purposes is not less than sixty-six and two-third per cent ofits total built-up floor area and shall include any such building in the factory premises.3.In respect of any structure or work by way of renovation or improvement in or in relation to abuilding referred to in Explanation 1of clause (ii) of sub-section (1) of section 32, the percentageto be applied will be the percentage specified against sub-item (1) or (2) of item I as may beappropriate to the class of building in or in relation to which the renovation or improvement iseffected. Where the structure is constructed or the work is done by way of extension of any suchbuilding, the percentage to be applied would be such percentage as would be appropriate, as if thestructure or work constituted a separate building.
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10/1/2018Depreciation rates10/204.Water treatment system includes system for desalination, demineralisation and purification of water.5."Electrical fittings" include electrical wiring, switches, sockets, other fittings and fans, etc.5A. Rate of depreciation shall be 40% if conditions of Rule 5(2) are satisfied.5B. Applicable from the Assessment year 2004-05.6."Commercial vehicle" means "heavy goods vehicle", "heavy passenger motor vehicle", "light motorvehicle", "medium goods vehicle" and "medium passenger motor vehicle" but does not include"maxi-cab", "motor-cab", "tractor" and "road-roller". The expressions "heavy goods vehicle","heavy passenger motor vehicle", "light motor vehicle", "medium goods vehicle", "mediumpassenger motor vehicle", "maxi-cab", "motor-cab", "tractor" and "road-roller" shall have themeanings respectively as assigned to them in section 2 of the Motor Vehicles Act, 1988 (59 of1988).7."Computer software" means any computer programme recorded on any disc, tape, perforated mediaor other information storage device.
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