https://www.taxtmi.com/acts?id=53331 Depreciation under the Income-tax Rules is computed on the written down value of blocks of assets used for the assessee's business or profession during the tax year, at the percentages specified in Appendix I, subject to stated exceptions and restrictions. For specified taxpayers, the allowance on a block of assets is capped at 40% of written down value where the prescribed option has been exercised or the stated conditions are satisfied. An undertaking engaged in power generation may opt for the general block-of-assets method instead of the special rate in Appendix II, and the option is final for subsequent tax years. en-us Fri, 20 Mar 2026 17:41:16 +0530 Mon, 06 Apr 2026 12:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53331 Depreciation under the Income-tax Rules is computed on the written down value of blocks of assets used for the assessee's business or profession during the tax year, at the percentages specified in Appendix I, subject to stated exceptions and restrictions. For specified taxpayers, the allowance on a block of assets is capped at 40% of written down value where the prescribed option has been exercised or the stated conditions are satisfied. An undertaking engaged in power generation may opt for the general block-of-assets method instead of the special rate in Appendix II, and the option is final for subsequent tax years. Act-Rules Income Tax Fri, 20 Mar 2026 17:41:16 +0530 https://www.taxtmi.com/acts?id=53331