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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Deduction of depreciation while determining the deduction u/s ...


Gross Total Income for Section 80IB Deduction Requires Deductions u/ss 30-43D, Including Section 32 Depreciation.

November 14, 2019

Case Laws     Income Tax     HC

Deduction of depreciation while determining the deduction u/s 80IB - for the purposes of deduction under Chapter VIA, the gross total income has to be computed inter alia by deducting the deductions allowable u/s 30 to 43D, including depreciation allowable u/s 32.

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