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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Disallowance of depreciation - Addition towards Film Software ...

Income Tax

March 25, 2016

Disallowance of depreciation - Addition towards Film Software Library as the same is not intangible asset and it is to be treated as Plant & Machinery - depreciation @ 15% or 25% - asset which consists of ‘Copyrighted Films and Programmes’ is an ‘Intangible Asset’ eligible for depreciation at the rate of 25% - AT

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