https://www.taxtmi.com/manuals?id=4638 Definition and scope of the block of assets: a fiscal grouping rule that treats specified tangible and intangible assets as a single class for depreciation purposes. Tangible examples include buildings, machinery, plant and furniture; intangible examples include know how, patents, copyrights, trade marks, licences, franchises and other similar business or commercial rights, expressly excluding goodwill. The critical operative condition is that grouped assets must fall within a class for which the same percentage of depreciation is prescribed. en-us Tue, 20 Aug 2024 17:22:00 +0530 Wed, 06 Nov 2024 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4638 Definition and scope of the block of assets: a fiscal grouping rule that treats specified tangible and intangible assets as a single class for depreciation purposes. Tangible examples include buildings, machinery, plant and furniture; intangible examples include know how, patents, copyrights, trade marks, licences, franchises and other similar business or commercial rights, expressly excluding goodwill. The critical operative condition is that grouped assets must fall within a class for which the same percentage of depreciation is prescribed. Manuals Income Tax Tue, 20 Aug 2024 17:22:00 +0530 https://www.taxtmi.com/manuals?id=4638