Detailed Explanation
How it works
Additions are added to the block and sale proceeds are reduced from it; depreciation is charged on the block's WDV, so individual-asset gain or loss is generally not computed unless the block ceases.
Frequently asked questions
What is a block of assets?
A group of assets with the same class and depreciation rate, depreciated together on WDV under Section 32.
How is depreciation charged?
On the written-down value of the whole block, after adjusting additions and sale proceeds.
This content is for general guidance only and does not constitute professional advice. Tax law changes frequently — verify the current position and consult a qualified Chartered Accountant before acting. Last reviewed: June 2026.