banner_ad

Depreciation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 October 2014 block of assets
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
21 October 2014 whats your question??????????
Profile Image

Anand

Profile Image

Anand (Expert)
22 October 2014 In block of asset concept we charge depreciation on the value of closing value of block.
It is determined as follows
Opening block
Add : additions during the year
Less : deletions during the year
= closing value of block
INCOME TAX does not recognise individual asset concept.. it allows only block of asset concept. Blocks are formed putting together assets on which same rate of depreciation is charged.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details