Is depreciation on e-books allowed for an assessee carrying on a business?

depreciation is allowed on tangible assets used in a business, such as machinery or equipment, rather than on intangible assets like e-books. Intangible assets are often expensed rather than depreciated.

For specific and up-to-date information regarding the tax treatment of e-books and online educational materials in your jurisdiction, it's recommended to consult with a tax professional or the relevant tax authority. They can provide accurate guidance based on the latest regulations applicable to your situation.