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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Set off of Depreciation allowances - even after eight subsequent ...

Income Tax

July 4, 2019

Set off of Depreciation allowances - even after eight subsequent assessment years - any unabsorbed depreciation available to an Assessee on 01.04.2002 will be dealt with in accordance with amended provision of Section 32(2) by the Finance Act, 2001 and not by the provisions of Section 32(2), as it stood before the said amendment - set off will be allowed

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