Depreciation for Power Generating Undertakings - Section 32(1)(i)

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....itten Down value method on block of assets When a depreciable asset (on which depreciation is claimed on straight line basis) of a power generating unit is sold, discarded, demolished or destroyed in a previous year, then TERMINAL DEPRECIATION (in case of loss) is deductible or BALANCING CHARGE (in case of gain) is taxable. Terminal Depreciation or Balancing Charge is calculated as follows- Ste....