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Depreciation

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11 October 2008 can assesse treat two cars as two blocks seperately for depreciation purpose or he has to compulsarily treat them as per IT Act...?
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Yatesh Prakash Renuke

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Yatesh Prakash Renuke (Expert)
11 October 2008 I think you can not treat two different blocks. You have to treat only only block of asset.

If you want to treat 2 diff. blocks of assets, then it will depend on the use of the asset, its nature, etc.

Regards'

yatesh Renuke
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
11 October 2008 I HAVE ANSWERED FOR YOUR EARLIER QUESTION ON THE SAME SUBJECT.
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