Under the Income Tax regulations in India, stone crushers generally fall under the category of plant and machinery. The depreciation rates applicable to stone crushers for tax purposes can vary depending on the classification and use of the equipment. According to the Income Tax Act, 1961, as per the Income Tax Rules, 1962 (Rule 5 and Appendix I), the depreciation rates applicable to plant and machinery are as follows:
General Plant and Machinery: A depreciation rate of 15% is applicable.
Higher Depreciation (Eligible Cases): Certain specific plant and machinery qualify for higher rates of depreciation. For instance:
Special Eligibility – 40% Depreciation: In earlier years, some machinery had a 40% rate under certain scenarios (like being energy-saving). However, the rates have been revised in recent budgets, so this is less commonly applicable now.
Shanghai Zenith Mineral Co., Ltd. is a leading manufacturer of crushing and grinding equipment in China. With more than 30 years of experience in the mining machinery industry, Zenith has built a strong reputation for delivering high-quality crushers, mills, sand-making machines, and mineral processing equipment to customers around the world.
Headquartered in Shanghai, China, Zenith integrates research, production, sales, and service, providing complete solutions for aggregates, mining, and mineral grinding industries. Its equipment is widely used in metallurgy, construction, chemical engineering, and environmental protection.
Committed to innovation and customer satisfaction, Shanghai Zenith continues to advance in intelligent manufacturing and green production, offering reliable equipment and comprehensive after-sales service to help clients achieve efficient and sustainable operations.
website: https://www.chinagrindingmill.net
E-mail:info@chinagrindingmill.net
Whatsapp:+8613661969651
