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Union of India - Section
Section 129 in Income Tax Rules, 1962
129. [ Form of application under section 270AA. [Rule 129 inserted by the Income-tax (Twenty Fifth Amendment) Rules, 2016, w.e.f. 1-4-2017.]
- An application to the Assessing Officer to grant immunity from imposition of penalty under section 270A and from initiation of proceedings under section 276C or section 276CC shall be made in Form No.68.]New Appendix IEffective from assessment year 2006-07 onwards[See rule 5]Table of Rates at Which Depreciation is Admissible| Block of assets | Depreciation allowance as percentage ofwritten down value |
| 1 | 2 |
| PART A | |
| Tangible Assets | |
| I. Building[SeeNotes 1 to 4below this Table] | |
| (1) Buildings which are used mainly for residential purposesexcept hotels and boarding houses | 5 |
| (2) Buildings other than those used mainly for residentialpurposes and not covered by sub-items (1) above and (3) below | 10 |
| (3) Buildings acquired on or after the 1st day of September,2002 for installing machinery and plant forming part of watersupply project or water treatment system and which is put to usefor the purpose of business of providing infrastructurefacilities under clause (i) of sub-section (4) of section 80-IA | 40 |
| (4) Purely temporary erections such as wooden structures | 40 |
| II. Furniture and fittings | |
| Furniture and fittings including electrical fittings | |
| See Note 5 below this Table | 10 |
| III. Machinery and Plant | |
| (1) Machinery and plant other than thosecovered by sub-items (2), (3) and (8) below : | 15 |
| (2) [ (i) Motor cars, other than those used in a business of running them on hire, acquired or put to use on or after the 1st day of April, 1990 except those covered under entry (ii); [Substituted by Notification No. G.S.R. 679(E), dated 20.9.2019 (w.e.f. 26.3.1962).](ii) Motor cars, 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. | 1530] |
| (3) (i) Aeroplanes - Aeroengines | 40 |
| (ii) [ (a) Motor buses, motor lorries and motor taxis used in a business of running them on hire other than those covered under entry (b).(b) Motor buses, motor lorries and motor taxis 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. [Substituted by Notification No. G.S.R. 679(E), dated 20.9.2019 (w.e.f. 26.3.1962).] | 3045] |
| (iii) Commercial vehicle which is acquired by the assessee on orafter the 1st day of October, 1998, but before the 1st day ofApril, 1999 and is put to use for any period before the 1st dayof April, 1999 for the purposes of business or profession inaccordance with the third proviso to clause (ii) of sub-section(1) of section 32 See Note 6 below this Table | 40 |
| (iv) New commercial vehicle which is acquired on or after the1st day of October, 1998, but before the 1st day of April, 1999in replacement of condemned vehicle of over 15 years of age andis put to use for any period before the 1st day of April, 1999for the purposes of business or profession in accordance withthe third proviso to clause (ii) of sub-section (1) of section32 See Note 6 below this Table | 40 |
| (v) New commercial vehicle which is acquired on or after the 1stday of April, 1999 but before the 1st day of April, 2000 inreplacement of condemned vehicle of over 15 years of age and isput to use before the 1st day of April, 2000 for the purposes ofbusiness or profession in accordance with the second proviso toclause (ii) of sub-section (1) of section 32 See Note 6 belowthis Table | 40 |
| (vi) New commercial vehicle which is acquired on or after the1st day of April, 2001 but before the 1st day of April, 2002 andis put to use before the 1st day of April, 2002 for the purposesof business or profession See Note 6 below this Table | 40 |
| (via) New commercial vehicle which is acquired on or after the1st day of January, 2009 but before the 1st day of October, 2009and is put to use before the 1st day of October, 2009 for thepurposes of business or profession See paragraph 6 of the Notesbelow this Table | 40 |
| (vii) Moulds used in rubber and plastic goods factories | 30 |
| (viii) Air pollution control equipment, being- | |
| (a) Electrostatic precipitation systems | |
| (b) Felt-filter systems | |
| (c) Dust collector systems | 40 |
| (d) Scrubber-counter current/venturi/packed bed/cyclonicscrubbers | |
| (e) Ash handling system and evacuation system | |
| (ix) Water pollution control equipment, being- | |
| (a)Mechanical screen systems | |
| (b)Aerated detritus chambers (including air compressor) | |
| (c)Mechanically skimmed oil and grease removal systems | |
| (d)Chemical feed systems and flash mixing equipment | |
| (e)Mechanical flocculators and mechanical reactors | |
| (f)Diffused air/mechanically aerated activated sludge systems | |
| (g)Aerated lagoon systems | 40 |
| (h)Biofilters | |
| (i)Methane-recovery anaerobic digester systems | |
| (j)Air floatation systems | |
| (k)Air/steam stripping systems | |
| (l)Urea Hydrolysis systems | |
| (m)Marine outfall systems | |
| (n)Centrifuge for dewatering sludge | |
| (o)Rotating biological contractor or bio-disc | |
| (p)Ion exchange resin column | |
| (q)Activated carbon column | |
| (x) (a) Solidwaste, control equipment being -caustic/lime/chrome/mineral/cryolite recovery systems | 40 |
| (b) Solidwaste recycling and resource recovery systems | |
| (xi) Machinery and plant, used in semi-conductor industrycovering all Integrated Circuits (ICs) (excluding hybridintegrated circuits) ranging from Small Scale Integration (SSI)to Large Scale Integration/Very Large Scale Integration(LSI/VLSI) as also discrete semi-conductor devices such asdiodes, transistors, thyristors, triacs, etc., other than thosecovered by entries (viii), (ix) and (x) of this sub-item andsub-item (8) below. | 30 |
| (xia) Life saving medical equipment, being- | |
| (a) D.C. Defibrillators for internal use and pace makers | |
| (c) Heart lung machine | |
| (d) Cobalt Therapy Unit | |
| (e) Colour Doppler | |
| (f) SPECT Gamma Camera | |
| (g) Vascular Angiography System including Digital SubtractionAngiography | |
| (h) Ventilator used with anaesthesia apparatus | 40 |
| (i) Magnetic Resonance Imaging System | |
| (j) Surgical Laser | |
| (k) Ventilator other than those used with anaesthesia | |
| (l) Gamma knife | |
| (m) Bone Marrow Transplant Equipment including silastic longstanding intravenous catheters for chemotherapy | |
| (n) Fibre optic endoscopes including, Paediatricresectoscope/audit resectoscope, Peritoneoscopes, Arthoscope,Microlaryngoscope, Fibreoptic Flexible Nasal PharyngoBronchoscope, Fibreoptic Flexible Laryngo Bronchoscope, VideoLaryngo Bronchoscope and Video Oesophago Gastroscope,Stroboscope, Fibreoptic Flexible Oesophago Gastroscope | |
| (o) Laparoscope (single incision) | |
| (4) Containers made of glass or plastic used asre-fills | 40 |
| (5) Computers including computer software (SeeNote 7 below this Table) | 40 |
| (6) Machinery and plant, used in weaving,processing and garment sector of textile industry, which ispurchased under TUFS on or after the 1st day of April, 2001 butbefore the 1st day of April, 2004 and is put to use before the1st day of April, 2004 See Note 8 below this Table | 40 |
| (7) Machinery and plant, acquired and installedon or after the 1st day of September, 2002 in a water supplyproject or a water treatment system and which is put to use forthe purpose of business of providing infrastructure facilityunder clause (i) of sub-section (4) of section 80-IA See Notes 4and 9 below this Table | 40 |
| (8) (i) Wooden parts used in artificial silkmanufacturing machinery | |
| (ii) Cinematograph films - bulbs of studio lights | |
| (iii) Match factories - Wooden match frames | |
| (iv) Mines and quarries : | |
| (a) Tubs winding ropes, haulage ropes and sand stowing pipes | 40 |
| (b) Safety lamps | |
| (v) Salt works - Salt pans, reservoirs and condensers, etc.,made of earthy, sandy or clayey material or any other similarmaterial | |
| (vi) Flour mills - Rollers | |
| (vii) Iron and steel industry - Rolling mill rolls | 40 |
| (viii) Sugar works - Rollers | |
| (ix) Energy saving devices, being- | |
| A.Specialised boilers and furnaces : | |
| (a) Ignifluid/fluidized bed boilers | |
| (b) Flameless furnaces and continuous pusher type furnaces | 40 |
| (c) Fluidized bed type heat treatment furnaces | |
| (d) High efficiency boilers (thermal efficiency higher than 75per cent in case of coal fired and 80 per cent in case ofoil/gas fired boilers) | |
| B.Instrumentation and monitoring system for monitoring energyflows : | |
| (a) Automatic electrical load monitoring systems | |
| (b) Digital heat loss meters | |
| (c) Micro-processor based control systems | 40 |
| (d) Infra-red thermography | |
| (e) Meters for measuring heat losses, furnace oil flow, steamflow, electric energy and power factor meters | |
| (f) Maximum demand indicator and clamp on power meters | |
| (g) Exhaust gases analyzer | |
| (h) Fuel oil pump test bench | |
| C.Waste heat recovery equipment: | |
| (a) Economisers and feed water heaters | |
| (b) Recuperators and air pre-heaters | 40 |
| (c) Heat pumps | |
| (d) Thermal energy wheel for high and low temperature waste heatrecovery | |
| D.Co-generation systems: | |
| (a) Back pressure pass out, controlled extraction,extraction-cum-condensing turbines for co-generation along withpressure boilers | |
| (b) Vapour absorption refrigeration systems | |
| (c) Organic rankine cycle power systems | 40 |
| (d) Low inlet pressure small steam turbines | |
| E.Electrical equipment: | |
| (a) Shunt capacitors and synchronous condenser systems | |
| (b) Automatic power cut-off devices (relays) mounted onindividual motors | |
| (c) Automatic voltage controller | |
| (d) Power factor controller for AC motors | |
| (e) Solid state devices for controlling motor speeds | |
| (f) Thermally energy-efficient stenters (which require 800 orless kilocalories of heat to evaporate one kilogram of water) | |
| (g) Series compensation equipment | 40 |
| (h) Flexible AC Transmission (FACT) devices - Thyristorcontrolled series compensation equipment | |
| (i) Time of Day (ToD) energy meters | |
| (j) Equipment to establish transmission highways for NationalPower Grid to facilitate transfer of surplus power of one regionto the deficient region | |
| (k) Remote terminal units/intelligent electronic devices,computer hardware/software, router/bridges, other requiredequipment and associated communication systems for supervisorycontrol and data acquisition systems, energy management systemsand distribution management systems for power transmissionsystems | |
| (l) Special energy meters for Availability Based Tariff (ABT) | |
| F.Burners: | |
| (a) 0 to 10 per cent excess air burners | |
| (b) Emulsion burners | 40 |
| (c) Burners using air with high pre-heat temperature (above300°C) | |
| G.Other equipment : | |
| (a) Wet air oxidation equipment for recovery of chemicals andheat | |
| (b) Mechanical vapour recompressors | |
| (c) Thin film evaporators | |
| (d) Automatic micro-processor based load demand controllers | 40 |
| (e) Coal based producer gas plants | |
| (f) Fluid drives and fluid couplings | |
| (g) Turbo charges/super-charges | |
| (h) Sealed radiation sources for radiation processing plants | |
| (x) Gas cylinders including valves and regulators | |
| (xi) Glass manufacturing concerns - Direct fire glass meltingfurnaces 60 | 40 |
| (xii) Mineral oil concerns: | |
| (a) Plant used in field operations (above ground) distribution -Returnable packages | 40 |
| (b) Plant used in field operations (below ground), but notincluding kerbside pumps including underground tanks andfittings used in field operations (distribution) by mineral oilconcerns | |
| (c) Oil wells not covered in clauses (a) and (b) | 15 |
| (xiii) Renewable energy devices being - | |
| (a) Flat plate solar collectors | |
| (b) Concentrating and pipe type solar collectors | |
| (c) Solar cookers | |
| (d) Solar water heaters and systems | |
| (e) Air/gas/fluid heating systems | |
| (f) Solar crop driers and systems | |
| (g) Solar refrigeration, cold storages and air conditioningsystems | 40 |
| (h) Solar steels and desalination systems | |
| (i) Solar power generating systems | |
| (j) Solar pumps based on solar-thermal and solar-photovoltaicconversion | |
| (k) Solar-photovoltaic modules and panels for water pumping andother applications | |
| (l) Wind mills and any specially designed devices which run onwind mills installed on or after the 1st day of April, 2014 | |
| (m) Any special devices including electric generators and pumpsrunning on wind energy installed on or after the 1st day ofApril, 2014 | |
| (n) Biogas-plant and biogas-engines | 40 |
| (o) Electrically operated vehicles including battery powered orfuel-cell powered vehicles | |
| (p) Agricultural and municipal waste conversion devicesproducing energy | |
| (q) Equipment for utilising ocean waste and thermal energy | |
| (r) Machinery and plant used in the manufacture of any of theabove sub-items | |
| (9) (i) Books owned by assessees carrying on a profession- | |
| (a) Books, being annual publications | 40 |
| (b) Books, other than those covered by entry (a) above | 40 |
| (ii) Books owned by assessees carrying on business in runninglending libraries | 40 |
| IV. Ships | |
| (1) Ocean-going ships including dredgers, tugs, barges, surveylaunches and other similar ships used mainly for dredgingpurposes and fishing vessels with wooden hull | 20 |
| (2) Vessels ordinarily operating on inland waters, not coveredby sub-item (3) below | 20 |
| (3) Vessels ordinarily operating on inland waters being speedboats See Note 10 below this Table | 20 |