assets falling within a class of assets comprising— (a) tangible assets, being buildings, machinery, plant or furniture ; (b) intangible assets, being know-how, patents, copyrights
Central Government or a State Government for reconstruction or redevelopment of existing buildings in areas declared to be slum areas under
Depreciation.
(1) In respect of depreciation of— (i) buildings, machinery, plant or furniture, being tangible assets; (ii) know-how, patents, copyrights, trade marks, licences, franchises ... Provided also that the aggregate deduction, in respect of depreciation of buildings, machinery, plant or furniture, being tangible assets or know-how, patents, copyrights, trademarks
Income from house property.
- The annual value of property consisting of any buildings or lands appurtenant thereto of which the assessee is the owner, other
lets on hire machinery, plant or furniture belonging to him and also buildings, and the letting of the buildings is inseparable from the letting
business or profession but does not include tea bushes or livestock [or buildings or furniture and fittings] [ Inserted by Act 32 of 2003, Section ... force: [Provided that in determining the written down value in respect of buildings, machinery or plant for the purposes of clause (ii) of sub-section
Section 14 (w.e.f. 1.4.1985).] [being buildings or lands appurtenant thereto, and being a residential house, the income of which is chargeable under
Income Tax Act, 1961
30. Rent, rates, taxes, repairs and insurance for buildings.
- In respect of rent, rates, taxes, repairs and insurance for premises, used
section (1), the actual cost of the fixed assets, being land, buildings, leaseholds, plant, machinery, furniture, fittings and railway sidings (including expenditure on development ... land and buildings), which are shown in the books of the assessee as on the last day of the previous year in which the business
Property owned by co-owners.
- Where property consisting of buildings or buildings and lands appurtenant thereto is owned by two or more persons and their
