April 12, 2019 - Page 2 of 2

Income Tax Depreciation Rate Chart [ Finance Act 2019]

By CA Satbir Singh | April 12, 2019

Rates of depreciation (for income-tax) [As amended by Finance Act, 2019] AS APPLICABLE FROM THE ASSESSMENT YEAR 2003-04 ONWARDS Block of assets Depreciation allowance as percentage of written down value AYs 2003-04 to 2005-06 AY 2006-07 to AY 2017-18 AY 2018-19 onwards 1 2 3 4 PART A TANGIBLE ASSETS I. BUILDING [See Notes 1 to 4… Read More »

Withholding Tax Rates (Country Wise) AY 2019-20

By CA Satbir Singh | April 12, 2019

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Withholding tax rates A person responsible for making payment to non-resident or foreign company is required to withhold tax. Tax is deductible at the rates prescribed under the Act or under the relevant DTAA, whichever is more beneficial for non-resident. This write up provides all such rates as prescribed under various Double Taxation Avoidance Agreements… Read More »