About this document
Understanding Block of Assets Depreciation by Anish Jain is a document available to read on EtoBox.
Section 32 of the Income Tax Act discusses depreciation allowances for assets used in a business or profession. It provides rules for depreciation calculations in cases of asset amalgamation or acquisition of new assets. The section defines assets and know-how for depreciation purposes and mandates claiming depreciation.
- Author
- Anish Jain
- Language
- EN