Hi guys this is my first block please like share my blog with your friends and your fellow bloggers. Block of asset method according to Section 2 11 block of asset means asset of similar nature having the same rate of depreciation block means a group under Income Tax law as a top similar nature will be group rep together and depreciation will be climbed on the group balance for example if there are 15 cars owned by a company all cars put together will be known as block of cars explain it any notes stating that opening return down value is the previous years closing return down value additions include the cost of the Asset its installation charges and the direct expensus incurred for bringing that into usable format asset purchased or divided into two where and asset is purchased under put into use for 180 days or more than assessey can climb 100% of eligible depreciation where an asset is purchased under put in use for less than 180 days then Assisi can only climb of The Eligible depreciation if purchase date and put off use date or different then only put to use that should be considered for determining weather and asset falls under the first of the year or second of of the Year include passive you sincertain circumstance where acid or kept ready to use example Fire extinguisher generator where in a question put to use date is not specified then students can asume that purchase date is the date of usage also where any asset is purchased or constructor payment in excess of rupees 10000 has been made in cash or check then it will not form part of addition and other word SSC make any payment in excess of rupees 10000 only through account is made otherwise then Asset Value will be ignored while computing additions sale consideration of acid pertaining to the block should be fully reduced from block value in other words if any assert in the group is sold then die entire money received or receivable on such sale will be reduced from the block value and not just the book value of the Asset depreciation will be computer on the balance available in the block after detecting sale consideration under Income Tax law diminishing balance method depreciation will be recognised however electric citty companies can climb the straight line method will be computer on the race specified in the rules and said earlier for asset put away for less than 180 days in the your half of the acquisition then only half of the eligible can be climbed. Thank for reading reading my block please give a like to this blog meet you soon but some other information and lawful blog thank you bye bye have a great day.