Under the Income Tax Act 1961 ldquo block of assets rdquo for the purpose of charging depreciation m...........

Miscellaneous Others

Under the Income Tax Act, 1961 “block of assets” for the purpose of charging depreciation means:

Value of all the assets after depreciation

Value of all tangible assets after charging depreciation

Value of all those assets to which one rate of depreciation is applicable

Gross value of machinery and plant less accumulated depreciation

Value of all those assets to which one rate of depreciation is applicable

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