Income Tax Act
(Chapter 134, Sections 7 and 19)
Income Tax (Machinery and Plant Depreciation Rates) Rules
R 1
G.N. No. S 378/1948

REVISED EDITION 1990
(25th March 1992)
[1st January 1948]
Citation
1.  These Rules may be cited as the Income Tax (Machinery and Plant Depreciation Rates) Rules.
Annual allowances
2.  Annual allowances under section 19(2) of the Income Tax Act for depreciation by wear and tear of machinery and plant shall be calculated at the respective rates set out in the Schedule.
[G. N. No. S 378/1948]