https://www.taxtmi.com/acts?id=11991 Depreciation allowance fixes percentage rates for specified blocks of assets to be applied to the adjusted or written down value of those blocks. The Schedule enumerates asset classes and sub-classes with prescribed depreciation rates, prescribes full allowance where actual cost has been deducted earlier, allows full write-off for small-value intangible blocks under a threshold, and directs that renovation, improvement or extension to buildings attract the percentage appropriate to the building class. Detailed definitions and illustrative lists classify assets for rate application. en-us Fri, 17 Sep 2010 12:47:20 +0530 Fri, 17 Sep 2010 14:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11991 Depreciation allowance fixes percentage rates for specified blocks of assets to be applied to the adjusted or written down value of those blocks. The Schedule enumerates asset classes and sub-classes with prescribed depreciation rates, prescribes full allowance where actual cost has been deducted earlier, allows full write-off for small-value intangible blocks under a threshold, and directs that renovation, improvement or extension to buildings attract the percentage appropriate to the building class. Detailed definitions and illustrative lists classify assets for rate application. Act-Rules Bills Fri, 17 Sep 2010 12:47:20 +0530 https://www.taxtmi.com/acts?id=11991