Upfront fees paid to AAI is a commercial right entitled to depreciation @ 25%

Advocate Akhilesh Kumar Sah

Mumbai International Airport : Upfront fees paid to the Airports Authority of India (AAI) is a commercial right entitled to depreciation @ 25% relating to intangible assets

Section 32(1) of the Income Tax Act, 1961 (for short ‘the Act’) takes into ambit the intangible assets as know-how, patents, copyrights, trademark

Please become a Premium member. If you are already a Premium member, login here to access the full content.