Depreciation - an interesting aspect

Pavan Jain S , Last updated: 08 March 2010 Share Follow on Google News

Depreciation a non cash expenditure allowed under Income Tax Act, 1961 following block concept. Under the block concept, all the assets falling within the same class and subject to same rate of depreciation are clubbed together and considered as single asset. Any alterations to the value of the

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About the Author

Pavan Jain S

Chartered Accountant

I have cleared my CA final in Nov 2008 at first attempt. Have secured AIR 3rd rank at CS Intermediate examination held in June 08 andAIR 5thRank inCS Final in JUne 2009. Received Taxmann Award for having secured highest marks in Direct taxes in CS Final. Completed my LLB with Karnataka State Law University in 2012 a ... Read more

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