6.37
- Document type
- Procedure
- Dated
Depreciation Norms
6.37
Depreciation Norms
Depreciation up to 100% is permissible for Computers and Computer peripherals in 5 years and 10 years in case of other items.
(a) Depreciation Norms for Computers and Computer Peripherals:
Depreciation for computers and computer peripherals shall be as follows.
10% for every quarter in first year;
8% for every quarter in second year;
5% for every quarter in third year;
1% for every quarter in fourth and fifth year.
(b) Depreciation Norms for Other Capital Goods:
For capital goods, other than above, depreciation rate would be as follows:
4% for every quarter in first year;
3% for every quarter in second and third year;
2.5% for every quarter in fourth and fifth year;
2% for every quarter thereafter.