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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Depreciation allowability - determination of WDV - AO is ...

Income Tax

February 17, 2018

Depreciation allowability - determination of WDV - AO is directed to employ the deeming provision for computing the written down value de hors the depreciation granted under the AIT Act and take 35% of the cost of the total assets as written down value, allowing the depreciation for the relevant assessment year to that extent. - HC

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