Block of assset
This query is : Resolved
26 May 2015
A company has motor cars and plant & Machinery. As per income tax both fall under P&M and is depreciated at the rate of 15%.
My question is whether separate block for Plant and Cars can be maintained as per income tax? or will it have to a single block of asset.
Experts!!! prompt reply will be highly appreciated
My question is whether separate block for Plant and Cars can be maintained as per income tax? or will it have to a single block of asset.
Experts!!! prompt reply will be highly appreciated
27 May 2015
Single block for all Plant & Machinery with same rate.
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