Question

Depreciation is allowable as an expense in the Income Tax Act, 1961, on the basis of block of assets on _______ method, except in the case of assets engaged in generation and distribution of power.

A straight line
B diminishing balance
C production units
D machine hour
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)