TaxTMI 
TaxTMI 
TaxTMI 
dear sir
i have quiry retated to depreciation charge on printer as per income tax act by using the concept of block , plaese provide the rate of depreciation
dep charge under income tax act on printer
krishan sharma
Depreciation for plant and machinery: printers treated in the block of assets attracting a high annual rate for tax purposes. Depreciation on a printer is to be computed by treating the printer as part of the relevant block of assets for plant and machinery; the practical guidance recorded indicates an applicable depreciation rate for the printer of sixty percent, and depreciation is claimed as part of the block's aggregate written down value under the Income Tax Act. (AI Summary)
