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Block of assset

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(Querist)
26 May 2015 A company has motor cars and plant & Machinery. As per income tax both fall under P&M and is depreciated at the rate of 15%.

My question is whether separate block for Plant and Cars can be maintained as per income tax? or will it have to a single block of asset.

Experts!!! prompt reply will be highly appreciated
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
27 May 2015 Single block for all Plant & Machinery with same rate.

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