1950_INLAND_REVENUE_RULES — Page 1

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CAP. 112]

G N. 658/47.

G.N.A. 18/48.

Citation.

1.

Rules.

(Cap. 112.)

Inland Revenue.

INLAND REVENUE.

INLAND REVENUE RULES.

(Cap. 112, section 85). (Ordinance No. 20 of 1947).

[22nd August, 1947.]

These rules may be cited as the Inland Revenue Rules.

Rates of Depreciation.

2. (1) The following rates of depreciation are hereby prescribed for the purpose of ascertaining the "annual allowance" to be made under subsection (2) of section 37 of the Ordinance. In all cases depreciation will be calculated on the reducing value of the asset concerned.

(2) Except with the permission of the Commissioner, who shall in special cases allow such greater depreciation as he thinks fit, no depreciation shall be allowed in excess of that specified in the scale.

(3) For the purposes of sections 37, 38, and 39 of the Ordinance the expression "plant and machinery" shall be deemed to include the items mentioned below-

General rate for plant and machinery where no special rate is prescribed

Aircraft

Bar Syphon apparatus

Bicycles

Brewing Plant/Machinery

Boilers

Cables, electric

74%

30%

20%

20%

72%

71%

3%

Cinema and Photographic Processing Equipment

15%

Copper Stills-Distillery

10%

Concrete Pipe Moulds

20%

Diesel Engines

10%

Domestic Appliances—

Electric Cookers and Kettles

20%

Gas Cookers and Fires

15%

Electric Refrigerators, water-heaters, etc.

15%

Other gas and electric domestic appliances

10%

356

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CAP. 112] G N. 658/47. G.N.A. 18/48. Citation. 1. Rules. (Cap. 112.) Inland Revenue. INLAND REVENUE. INLAND REVENUE RULES. (Cap. 112, section 85). (Ordinance No. 20 of 1947). [22nd August, 1947.] These rules may be cited as the Inland Revenue Rules. Rates of Depreciation. 2. (1) The following rates of depreciation are hereby prescribed for the purpose of ascertaining the "annual allowance" to be made under subsection (2) of section 37 of the Ordinance. In all cases depreciation will be calculated on the reducing value of the asset concerned. (2) Except with the permission of the Commissioner, who shall in special cases allow such greater depreciation as he thinks fit, no depreciation shall be allowed in excess of that specified in the scale. (3) For the purposes of sections 37, 38, and 39 of the Ordinance the expression "plant and machinery" shall be deemed to include the items mentioned below- General rate for plant and machinery where no special rate is prescribed Aircraft Bar Syphon apparatus Bicycles Brewing Plant/Machinery Boilers Cables, electric 74% 30% 20% 20% 72% 71% 3% Cinema and Photographic Processing Equipment 15% Copper Stills-Distillery 10% Concrete Pipe Moulds 20% Diesel Engines 10% Domestic Appliances— Electric Cookers and Kettles 20% Gas Cookers and Fires 15% Electric Refrigerators, water-heaters, etc. 15% Other gas and electric domestic appliances 10% 356
Baseline (Original)
CAP. 112] G N. 658/47. G.N.A. 18/48. Citation. 1. Rules. (Cap. 112.) Inland Revenue. INLAND REVENUE. INLAND REVENUE RULES. (Cap. 112, section 85). (Ordinance No. 20 of 1947). [22nd August, 1947.] These rules may be cited as the Inland Revenue Rates of Depreciation. 2. (1) The following rates of depreciation are hereby prescribed for the purpose of ascertaining the "annual allowance" to be made under subsection (2) of section 37 of the Ordinance. In all cases depreciation will be calculated on the reducing value of the asset concerned. (2) Except with the permission of the Commissioner, who shall in special cases allow such greater depreciation as he thinks fit, no depreciation shall be allowed in excess of that specified in the scale. (3) For the purposes of sections 37, 38, and 39 of the Ordinance the expression "plant and machinery" shall be deemed to include the items mentioned below- General rate for plant and machinery where no special rate is prescribed Aircraft Bar Syphon apparatus Bicycles Brewing Plant/Machinery Boilers Cables, electric 74% 30 % 20% 20 % 72% 71% 3% Cinema and Photographic Processing Equipment 15 % Copper Stills-Distillery 10 % Concrete Pipe Moulds 20 % Diesel Engines 10 % Domestic Appliances— Electric Cookers and Kettles 20% Gas Cookers and Fires 15 % Electric Refrigerators, water-heaters, etc. 15 % Other gas and electric domestic appliances 10 % 356
2026-05-03 21:43:32 · Baseline
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CAP. 112]

G N. 658/47.

G.N.A. 18/48.

Citation.

1.

Rules.

(Cap. 112.)

Inland Revenue.

INLAND REVENUE.

INLAND REVENUE RULES.

(Cap. 112, section 85). (Ordinance No. 20 of 1947).

[22nd August, 1947.]

These rules may be cited as the Inland Revenue

Rates of Depreciation.

2. (1) The following rates of depreciation are hereby prescribed for the purpose of ascertaining the "annual allowance" to be made under subsection (2) of section 37 of the Ordinance. In all cases depreciation will be calculated on the reducing value of the asset concerned.

(2) Except with the permission of the Commissioner, who shall in special cases allow such greater depreciation as he thinks fit, no depreciation shall be allowed in excess of that specified in the scale.

(3) For the purposes of sections 37, 38, and 39 of the Ordinance the expression "plant and machinery" shall be deemed to include the items mentioned below-

General rate for plant and machinery where no

special rate is prescribed

Aircraft

Bar Syphon apparatus

Bicycles

Brewing Plant/Machinery

Boilers

Cables, electric

74%

30 %

20%

20 %

72%

71%

3%

Cinema and Photographic Processing Equipment 15 %

Copper Stills-Distillery

10 %

Concrete Pipe Moulds

20 %

Diesel Engines

10 %

Domestic Appliances—

Electric Cookers and Kettles

20%

Gas Cookers and Fires

15 %

Electric Refrigerators, water-heaters, etc.

15 %

Other gas and electric domestic appliances

10 %

356

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