https://www.taxtmi.com/article/detailed?id=8765 For three new corporate tax options, initial depreciation is excluded and any carried-forward portion is deemed allowed; depreciation other than the excluded initial depreciation must be determined in a manner to be prescribed. Existing written-down-value and actual-cost appendices continue to apply, and a rules proviso limits allowable depreciation on asset blocks that previously attracted higher rates. Given that published appendices have capped maximum rates, the statutory and rule language prescribing special manners appears largely redundant unless further rule amendments are made. en-us Fri, 11 Oct 2019 10:23:08 +0530 Fri, 11 Oct 2019 10:23:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8765 For three new corporate tax options, initial depreciation is excluded and any carried-forward portion is deemed allowed; depreciation other than the excluded initial depreciation must be determined in a manner to be prescribed. Existing written-down-value and actual-cost appendices continue to apply, and a rules proviso limits allowable depreciation on asset blocks that previously attracted higher rates. Given that published appendices have capped maximum rates, the statutory and rule language prescribing special manners appears largely redundant unless further rule amendments are made. Articles Income Tax Fri, 11 Oct 2019 10:23:08 +0530 https://www.taxtmi.com/article/detailed?id=8765