#section 32
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645 articlesIncome Tax
Income Tax
Additional depreciation allowable to Company in Generation and distribution of electricity even prior to 1-4-2013
Income Tax
Income Tax
Sec 32(2) amended by FA, 2001applies to Unabsorbed depreciation of prior period
Income Tax
Income Tax
Depreciation Rate applicable to wind mill would apply to civil foundation and electric turbine generator for wind mill
Income Tax
Income Tax
Compensation to Retiring Partners as Goodwill is Eligible for Depreciation
Income Tax
Income Tax
Value of assets & depreciation on it, in the hands of purchaser in case of division purchase (purchaser in case of slump sale)
Income Tax
Income Tax
Expenses on News/TV programs/Film rights not having enduring benefit allowed as revenue expenditure
Income Tax
Income Tax
Assets being part of block of assets eligible for depreciation even if same are related to discontinued business
Income Tax
Income Tax
Electricity is good and Machinery used in its production eligible for additional depreciation U/s. 32(1)(iia)
Income Tax
Income Tax
Installation of plant and machinery in building would amount to use of building to claim depreciation u/s 32
Income Tax
Income Tax
To avail Section 32(2) depreciation claim it’s not necessary that business carried on in following previous year
Income Tax
Income Tax
No Penalty U/S 271 (1)(c) Levied on Excess Claim of Depreciation
Income Tax
Income Tax
Depreciation cannot be allowed forcefully if not claimed by Assessee
Income Tax
Income Tax
Embroidery work on job work basis is Manufacture; Additional Depreciation allowable
Income Tax
Income Tax
