Additional depreciation on certain assets/machineries - If the ...

Income Tax

August 25, 2020

Additional depreciation on certain assets/machineries - If the assessee uses partly for own use and for hire charges he is not entitled to claim excess depreciation as per the provisions of the Income Tax Act. The rule for charging higher depreciation has been prescribed only for the vehicles which are running on hire. - AT

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Additional depreciation on certain assets/machineries - If the ...

Income Tax

August 25, 2020

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