https://www.taxtmi.com/acts?id=10814 Depreciation is computed as the aggregate of a schedule-prescribed percentage of the adjusted value of each prescribed block of assets; assets outside prescribed blocks receive nil. Depreciation remains allowable for a block if its adjusted value exceeds zero despite demolition, destruction, discard or transfer of constituent assets, except where the schedule-prescribed percentage for that block is zero. An individual asset's depreciation is deemed allowed if it is outside a prescribed block or its acquisition expenditure has already been deducted under the Code. en-us Thu, 20 Aug 2009 11:58:39 +0530 Thu, 20 Aug 2009 16:13:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10814 Depreciation is computed as the aggregate of a schedule-prescribed percentage of the adjusted value of each prescribed block of assets; assets outside prescribed blocks receive nil. Depreciation remains allowable for a block if its adjusted value exceeds zero despite demolition, destruction, discard or transfer of constituent assets, except where the schedule-prescribed percentage for that block is zero. An individual asset's depreciation is deemed allowed if it is outside a prescribed block or its acquisition expenditure has already been deducted under the Code. Act-Rules Bills Thu, 20 Aug 2009 11:58:39 +0530 https://www.taxtmi.com/acts?id=10814