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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Disallowance on account of depreciation - The re-classification ...

Income Tax

June 17, 2016

Disallowance on account of depreciation - The re-classification of asset at the most makes a benign shift in the claim of depreciation of machinery block and computer block. Depreciation being a carried over allowance based on WDV; rate of tax being same is a revenue neutral exercise - AT

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