https://www.taxtmi.com/article/detailed?id=17434 Depreciation for power undertakings is calculated on the actual cost of each individual asset, requiring separate tracking of actual cost, depreciation allowed and written down value. On disposal, destruction or discard of an asset, terminal depreciation may be available for the shortfall between written down value and moneys payable, if written off in the books. Extending the block-of-assets method to these undertakings is proposed to simplify compliance and permit an election between actual-cost and written-down-value methods. en-us Sat, 19 Sep 2026 08:25:42 +0530 Sat, 19 Sep 2026 10:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17434 Depreciation for power undertakings is calculated on the actual cost of each individual asset, requiring separate tracking of actual cost, depreciation allowed and written down value. On disposal, destruction or discard of an asset, terminal depreciation may be available for the shortfall between written down value and moneys payable, if written off in the books. Extending the block-of-assets method to these undertakings is proposed to simplify compliance and permit an election between actual-cost and written-down-value methods. Articles Income Tax Sat, 19 Sep 2026 08:25:42 +0530 https://www.taxtmi.com/article/detailed?id=17434