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Income Tax - Highlights / Catch Notes

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Claim of higher depreciation on drilling Rigs - Rig claimed as ...


Higher Depreciation Allowed for Drilling Rigs Categorized as Heavy Goods Vehicles by Transport Authority.

April 24, 2015

Case Laws     Income Tax     AT

Claim of higher depreciation on drilling Rigs - Rig claimed as Heavy motor vehicle (Lorry) - Transport Authority has registered the workover/servicing mobile rig under the category Heavy Goods Vehicle Drilling Rig - higher depreciation @ 40% on Rigs allowed - AT

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