For tax year 2026-27, what is the prescribed annual income-tax depreciation rate on the written-down…
The prescribed annual depreciation rate for this block of intangible assets is 25% of written-down value. The depreciation table under the Income-tax Rules, 2026 groups…
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For tax year 2026-27, what is the prescribed annual income-tax depreciation rate on the written-down value of patents, technical know-how, copyrights, trademarks and licences?
Answer and explanation
Correct answer B
The prescribed annual depreciation rate for this block of intangible assets is 25% of written-down value. The depreciation table under the Income-tax Rules, 2026 groups know-how, patents, copyrights, trademarks and licences in this block. The rate applies to the written-down value rather than representing a rate of tax on income.
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Gujarat SET (GSET)