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Income Tax - Highlights / Catch Notes

Home Highlights November 2021 Year 2021 This

Additional Depreciation on increased cost - Adjustments u/s 43A ...

Income Tax

November 16, 2021

Additional Depreciation on increased cost - Adjustments u/s 43A - exchange rate fluctuation - the increase or decrease in liability should be taken into account to modify the figure of actual cost and secondly that such adjustment should be made in the year in which the increase or decrease in liability arises on account of the fluctuation in the rate of exchange - Claim allowed - HC

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