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Electronic payment of tax, interest, fee and penalty

Rule 333 — Electronic payment of tax, interest, fee and penalty

Parent Act Section(s): Section 2, Section 33, Section 63

Full Text

  1. Electronic payment of tax, interest, fee and penalty.— (1) The following persons shall pay electronically the tax, interest, fee and penalty on or after the date of commencement of this rule:— (a) a company; and (b) a person (other than a company), to whom the provisions of section 63 are applicable. (2) For the purposes of this rule,— (a) “pay electronically” shall mean, payment by way of— (i) internet banking facility of the authorised bank; or (ii) credit or debit cards; and (b) the word “tax” shall have the meaning assigned to it in section 2(106).

APPENDIX I (See rule 25) TABLE OF RATES AT WHICH DEPRECIATION IS ADMISSIBLE PART A TANGIBLE ASSETS S.No. Block of assets Depreciation allowance as percentage of written down value (1) (2) (3) I. Building [See Notes 1 to 4 below]

  1. Buildings which are used mainly for residential purposes 5 except hotels and boarding houses
  2. Buildings other than those used mainly for residential 10 purposes and not covered by sub-items (1) above and (3) below
  3. Buildings for installing machinery and plant forming part of 40 water supply project or water treatment system and which is put to use for the purpose of business of providing infrastructure facilities under section 80-IA(4)(i) of the Income-tax Act, 1961 4 Purely temporary erections such as wooden structures 40 II Furniture and fittings Furniture and fittings including electrical fittings [See Note 5 10 below] III Machinery and Plant
  4. Machinery and plant other than those covered by sub-items 15 (2), (3) and (8) below: 2 (i) Motor cars, other than those used in a business of running 15 them on hire, except those covered under entry (ii) acquired on or after the 1st April, 1990; (ii) Motor cars, other than those used in a business of running 30 them on hire, acquired on or after the 23rd August, 2019 but before the 1st April, 2020 and is put to use before the 1st April, 2020. 3 (i) Aeroplanes - Aeroengines 40 (ii) Motor buses, motor lorries and motor taxis used in a business 30 of running them on hire. (iii) Motor buses, motor lorries and motor taxis used in a business 45 of running them on hire, acquired on or after the 23rd August, 2019 but before the 1st April, 2020 and is put to use before the 1st April, 2020. (iv) New commercial vehicle which is acquired on or after the 1st 40 January, 2009 but before the 1st October, 2009 and is put to use before the 1st October, 2009 for the purposes of business or profession [See Note 6 below] (v) Moulds used in rubber and plastic goods factories 30 (vi) Air pollution control equipment, being— (a) Electrostatic precipitation systems 40 (b) Felt-filter systems 40 (c) Dust collector systems 40 (d) Scrubber-counter current/venturi/packed bed/cyclonic 40 scrubbers (e) Ash handling system and evacuation system 40

(vii) Water pollution control equipment, being— (a) Mechanical screen systems 40 (b) Aerated detritus chambers (including air compressor) 40 (c) Mechanically skimmed oil and grease removal 40 systems (d) Chemical feed systems and flash mixing equipment 40 (e) Mechanical flocculators and mechanical reactors 40 (f) Diffused air/mechanically aerated activated sludge 40 systems (g) Aerated lagoon systems 40 (h) Biofilters 40 (i) Methane-recovery anaerobic digester systems 40 (j) Air flotation systems 40 (k) Air/steam stripping systems 40 (l) Urea Hydrolysis systems 40 (m) Marine outfall systems 40 (n) Centrifuge for dewatering sludge 40 (o) Rotating biological contractor or bio-disc 40 (p) Ion exchange resin column 40 (q) Activated carbon column 40 (viii) (a) Solid waste, control equipment being - caustic/lime/ 40 chrome/mineral/cryolite recovery systems (b) Solid waste recycling and resource recovery systems 40 (ix) Machinery and plant, used in semi-conductor industry 30 covering all Integrated Circuits (ICs) (excluding hybrid integrated circuits) ranging from Small Scale Integration (SSI) to Large Scale Integration/Very Large Scale Integration (LSI/VLSI) as also discrete semi-conductor devices such as diodes, transistors, thyristors, triacs, etc., other than those covered by entries (iv), (v) and (vi) of this sub-item and sub- item (7) below. (x) Life saving medical equipment, being— (a) D.C. Defibrillators for internal use and pace makers 40 (b) Heamodialysors 40 (c) Heart lung machine 40 (d) Cobalt Therapy Unit 40 (e) Colour Doppler 40 (f) SPECT Gamma Camera 40 (g) Vascular Angiography System including Digital 40 Subtraction Angiography (h) Ventilator used with anaesthesia apparatus 40 (i) Magnetic Resonance Imaging System 40 (j) Surgical Laser 40 (k) Ventilator other than those used with anaesthesia 40 (l) Gamma knife 40 (m) Bone Marrow Transplant Equipment including silastic 40 long standing intravenous catheters for chemotherapy (n) Fibre optic endoscopes including, Paediatric 40 resectoscope/audit resectoscope, Peritoneoscopes, Arthoscope, Microlaryngoscope, Fibreoptic Flexible Nasal Pharyngo Bronchoscope, Fibreoptic Flexible Laryngo Bronchoscope, Video Laryngo Bronchoscope and Video Oesophago Gastroscope, Stroboscope, Fibreoptic Flexible Oesophago Gastroscope (o) Laparoscope (single incision) 40 4 Containers made of glass or plastic used as re-fills 40

5 Computers including computer software (See Note 7 below) 40 6 Machinery and plant, acquired and installed on or after the 1st 40 September, 2002 in a water supply project or a water treatment system and which is put to use for the purpose of business of providing infrastructure facility under clause (i) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 [See Notes 4 and 8 below] 7 (i) Wooden parts used in artificial silk manufacturing machinery 40 (ii) Cinematograph films - bulbs of studio lights 40 (iii) Match factories - Wooden match frames 40 (iv) Mines and quarries (a) Tubs winding ropes, haulage ropes and sand stowing 40 pipes (b) Safety lamps 40 (v) Salt works - Salt pans, reservoirs and condensers, etc., made 40 of earthy, sandy or clayey material or any other similar material (vi) Flour mills – Rollers 40 (vii) Iron and steel industry - Rolling mill rolls 40 (viii) Sugar works – Rollers 40 (ix) Energy saving devices, being— A. Specialised boilers and furnaces: (a) Ignifluid/fluidized bed boilers 40 (b) Flameless furnaces and continuous pusher type 40 furnaces (c) Fluidized bed type heat treatment furnaces 40 (d) High efficiency boilers (thermal efficiency 40 higher than 75 per cent in case of coal fired and 80 per cent in case of oil/gas fired boilers) B. Instrumentation and monitoring system for monitoring energy flows : (a) Automatic electrical load monitoring systems 40 (b) Digital heat loss meters 40 (c) Micro-processor based control systems 40 (d) Infra-red thermography 40 (e) Meters for measuring heat losses, furnace oil 40 flow, steam flow, electric energy and power factor meters (f) Maximum demand indicator and clamp on 40 power meters (g) Exhaust gases analyzer 40 (h) Fuel oil pump test bench 40 C. Waste heat recovery equipment: (a) Economisers and feed water heaters 40 (b) Recuperators and air pre-heaters 40 (c) Heat pumps 40 (d) Thermal energy wheel for high and low 40 temperature waste heat recovery D. Co-generation systems: (a) Back pressure pass out, controlled extraction, 40 extraction-cum-condensing turbines for co- generation along with pressure boilers (b) Vapour absorption refrigeration systems 40 (c) Organic rankine cycle power systems 40 (d) Low inlet pressure small steam turbines 40 E. Electrical equipment:

(a) Shunt capacitors and synchronous condenser 40 systems (b) Automatic power cut-off devices (relays) 40 mounted on individual motors (c) Automatic voltage controller 40 (d) Power factor controller for AC motors 40 (e) Solid state devices for controlling motor 40 speeds (f) Thermally energy-efficient stenters (which 40 require 800 or less kilocalories of heat to evaporate one kilogram of water) (g) Series compensation equipment 40 (h) Flexible AC Transmission (FACT) devices - 40 Thyristor controlled series compensation equipment (i) Time of Day (ToD) energy meters 40 (j) Equipment to establish transmission highways 40 for National Power Grid to facilitate transfer of surplus power of one region to the deficient region (k) Remote terminal units/intelligent electronic 40 devices, computer hardware/software, router/bridges, other required equipment and associated communication systems for supervisory control and data acquisition systems, energy management systems and distribution management systems for power transmission systems (l) Special energy meters for Availability Based 40 Tariff (ABT) F. Burners: (a) 0 to 10 per cent excess air burners 40 (b) Emulsion burners 40 (c) Burners using air with high pre-heat 40 temperature (above 300°C) G. Other equipment: (a) Wet air oxidation equipment for recovery of 40 chemicals and heat (b) Mechanical vapour recompressors 40 (c) Thin film evaporators 40 (d) Automatic micro-processor based load 40 demand controllers (e) Coal based producer gas plants 40 (f) Fluid drives and fluid couplings 40 (g) Turbo charges/super-charges 40 (h) Sealed radiation sources for radiation 40 processing plants (x) Gas cylinders including valves and regulators 40 (xi) Glass manufacturing concerns - Direct fire glass melting 40 furnaces (xii) Mineral oil concerns: (a) Plant used in field operations (above ground) 40 distribution -Returnable packages (b) Plant used in field operations (below ground), but not 40 including kerbside pumps including underground tanks and fittings used in field operations (distribution) by mineral oil concerns

(c) Oil wells not covered in clauses (a) and (b) 15 (xiii) Renewable energy devices being (a) Flat plate solar collectors 40 (b) Concentrating and pipe type solar collectors 40 (c) Solar cookers 40 (d) Solar water heaters and systems 40 (e) Air/gas/fluid heating systems 40 (f) Solar crop driers and systems 40 (g) Solar refrigeration, cold storages and air conditioning 40 systems (h) Solar steels and desalination systems 40 (i) Solar power generating systems 40 (j) Solar pumps based on solar-thermal and solar- 40 photovoltaic conversion (k) Solar-photovoltaic modules and panels for water 40 pumping and other applications (l) Wind mills and any specially designed devices which 40 run on wind mills installed on or after the 1st April, 2014 (m) Any special devices including electric generators and 40 pumps running on wind energy installed on or after the 1st April, 2014 (n) Biogas-plant and biogas-engines 40 (o) Electrically operated vehicles including battery 40 powered or fuel-cell powered vehicles (p) Agricultural and municipal waste conversion devices 40 producing energy (q) Equipment for utilising ocean waste and thermal 40 energy (r) Machinery and plant used in the manufacture of any 40 of the above sub-items 8 (i) Books owned by assessees carrying on a profession— (a) Books, being annual publications 40 (b) Books, other than those covered by entry (a) above 40 (ii) Books owned by assessees carrying on business in running 40 lending libraries IV Ships (1) Ocean-going ships including dredgers, tugs, barges, survey 20 launches and other similar ships used mainly for dredging purposes and fishing vessels with wooden hull (2) Vessels ordinarily operating on inland waters, not covered by 20 sub-item (3) below (3) Vessels ordinarily operating on inland waters being speed 20 boats [See Note 9 below] PART B INTANGIBLE ASSETS S.No. Block of assets Depreciation allowance as percentage of written down value (1) (2) (3) Know-how, patents, copyrights, trademarks, licences, 25 franchises or any other business or commercial rights of similar nature Notes:

  1. “Buildings” include roads, bridges, culverts, wells and tubewells.
  2. A building shall be deemed to be a building used mainly for residential purposes, if the built up floor area thereof used for residential purposes is not less than sixty-six and two-third per cent of its total built-up floor area and shall include any such building in the factory premises.
  3. In respect of any structure or work by way of renovation or improvement in or in relation to a building referred to in section 33(6), the percentage to be applied will be the percentage specified against sub-item (1) or (2) of item 1 of PART A as may be appropriate to the class of building in or in relation to which the renovation or improvement is effected. Where the structure is constructed or the work is done by way of extension of any such building, the percentage to be applied would be such percentage as would be appropriate, as if the structure or work constituted a separate building.
  4. Water treatment system includes system for desalination, demineralisation and purification of water.
  5. “Electrical fittings” include electrical wiring, switches, sockets, other fittings and fans, etc.
  6. ―Commercial vehicle” means “heavy goods vehicle”, “heavy passenger motor vehicle”, “light motor vehicle”, “medium goods vehicle” and “medium passenger motor vehicle” but does not include “maxi-cab”, “motor-cab”, “tractor” and “road-roller”. The expressions “heavy goods vehicle”, “heavy passenger motor vehicle”, “light motor vehicle”, “medium goods vehicle”, “medium passenger motor vehicle”, “maxi-cab”, “motor-cab”, “tractor” and “road-roller” shall have the meanings respectively assigned to them in section 2 of the Motor Vehicles Act, 1988 (59 of 1988).
  7. “Computer software” means any computer program recorded on any disc, tape, perforated media or other information storage device.
  8. Machinery and plant includes pipes needed for delivery from the source of supply of raw water to the plant and from the plant to the storage facility.
  9. “Speed boat” means a motor boat driven by a high speed internal combustion engine capable of propelling the boat at a speed exceeding 24 kilometres per hour in still water and so designed that when running at a speed, it will plane, i.e., its bow will rise from the water.

APPENDIX II (See rule 25) TABLE OF RATES AT WHICH DEPRECIATION IS ADMISSIBLE S.No. Class of assets Depreciation allowance as percentage of actual cost (1) (2) (3) (a) Plant and Machinery in generating stations including plant foundations :— (i) Hydro-electric 3.4 (ii) Steam electric NHRS & Waste heat recovery Boilers/plants 7.84 (iii) Diesel electric and Gas plant 8.24 (b) Cooling towers and circulating water systems 7.84 (c) Hydraulic works forming part of Hydro-electric system including :— (i) Dams, spillways weirs, canals, reinforced concrete flumes and 1.95 syphons (ii) Reinforced concrete pipelines and surge tanks, steel pipelines, 3.4 sluice gates, steel surge (tanks), hydraulic control valves and other hydraulic works. (d) Building and civil engineering works of permanent character, not mentioned above (i) Office and showrooms 3.02 (ii) Containing Thermo-electric generating plant 7.84 (iii) Containing Hydro-Electric generating plant 3.4 (iv) Temporary erection such as wooden structures 33.4 (v) Roads other than Kutcha roads 3.02 (vi) Others 3.02 (e) Transformers, transformer (Kiosk) sub-station equipment and other fixed apparatus (including plant foundations) (i) Transformers (including foundations) having a rating of 100 7.81 kilovolt amperes and over (ii) Others 7.84 (f) Switchgear including cable connections 7.84 (g) Lightning arrestor: (i) Station type 7.84 (ii) Pole type 12.77 (iii) Synchronous condenser 5.27

(h) Batteries 33.4 (i) Underground cable including joint boxes and disconnectioned 5.27 boxes (ii) Cable duct system 3.02 (i) Overhead lines including supports: (i) Lines on fabricated steel operating at nominal voltages higher 5.27 than 66 kilovolt (ii) Lines on steel supports operating at nominal voltages higher than 7.84 13.2 kilovolts but not exceeding 66 kilovolts (iii) Lines on steel or reinforced concrete supports 7.84 (iv) Lines on treated wood supports 7.84 (j) Meters 12.77 (k) Self-propelled vehicles 33.40 (l) Air-conditioning plants: (i) Static 12.77 (ii) Portable 33.40 (m) (i) Office furniture and fittings 12.77 (ii) Office equipments 12.77 (iii) Internal wiring including fittings and apparatus 12.77 (iv) Street light fittings 12.77 (n) Apparatus let on hire (i) Other than motors 33.4 (ii) Motors 12.77 (o) Communication equipment: (i) Radio and high frequency carrier system 12.77 (ii) Telephone lines and telephones 12.77 (p) Any other assets not covered above 7.69

APPENDIX III [See rule 2(1)(c)]

Cross-References

Act Sections Referenced

  • Section 2
  • Section 33
  • Section 63
  • Section 80

Practical Notes

[To be populated — interpretive notes, circular references, case law pointers]

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