Under the Income Tax Act 1961 block of assets for the...

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Under the Income Tax Act, 1961 "block of assets" for the purpose of charging depreciation means:

A. Value of all the assets after depreciation

B. Value of all tangible assets after charging depreciation

C. Value of all those assets to which one rate of depreciation is applicable

D. Gross value of machinery and plant less accumulated depreciation

Answer: Option C


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