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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Taxability of advance against depreciation (AAD) – Advance ...


Advance Against Depreciation Not a Reserve for Minimum Alternate Tax Calculation Under Income Tax Act Section 115JB.

November 4, 2014

Case Laws     Income Tax     AT

Taxability of advance against depreciation (AAD) – Advance against depreciation is reserve or not for computation of MAT u/s 115JB - Held No - AT

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