Match the assets in List – I with their normal annual income-tax depreciation rates on written-down…
The matching rates are copyrights 25%, an ordinary motor car not used for hire 15%, a mainly residential building 5%, and a professional’s books 40%. These are normal annual…
Choose your answer
Match the assets in List – I with their normal annual income-tax depreciation rates on written-down value in List – II under the Income-tax Rules, 2026. Ignore special acquisition-period concessions and the restriction for assets used for less than 180 days.
| List – I: Assets | List – II: Depreciation |
|---|---|
| 1. Copyrights | a. 25% |
| 2. Motor car not used for hire | b. 5% |
| 3. Building used mainly for residential purposes, excluding hotels and boarding houses | c. 40% |
| 4. Books owned by a professional | d. 15% |
Answer and explanation
Correct answer B
The matching rates are copyrights 25%, an ordinary motor car not used for hire 15%, a mainly residential building 5%, and a professional’s books 40%. These are normal annual rates on written-down value under the Income-tax Rules, 2026; special-rate and part-year restrictions are excluded here.
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Gujarat SET (GSET)