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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Depreciation on toll way rights u/s 32(1)(ii) @ 25% - ...

Case Laws     Income Tax

August 7, 2019

Depreciation on toll way rights u/s 32(1)(ii) @ 25% - expenditure incurred by the assessee for construction of road under BOT contract by the Government of India has given rise to an intangible asset as defined under Explanation 3(b) r/w section 32(1)(ii) - assessee is eligible for depreciation @ 25%

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