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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Depreciation on loose tools - jigs and fixtures - change in the ...

Income Tax

August 18, 2015

Depreciation on loose tools - jigs and fixtures - change in the accounting policy without any reason - The rate of deprecation could not be claimed as fixed by the assessee's expert. It could be claimed only at the prescribed rate, i.e. at the general rate of 10%. - AT

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