#section 32
Log in to FollowEvery article filed under the “section 32” tag — analysis, news and updates.
645 articlesIncome Tax
Income Tax
Depreciation should be allowed as claimed in revised return and not as claimed in original return
Income Tax
Income Tax
S. 32 Deduction for depreciation allowable irrespective of treatment in books.
Income Tax
Income Tax
Even oral understanding is sufficient to entail depreciation claim of the lessee
Income Tax
Income Tax
Assessee not entitled to claim depreciation on an asset which has been written off from books
Income Tax
Income Tax
Depreciation allowable on leased asset which in substance is a purchase
Income Tax
Income Tax
Subsidy towards power generation plant is to be reduced from actual cost of plant for allowing depreciation u/s. 32
Income Tax
Income Tax
Typewriter is a machinery for depreciation under Income Tax Act
Income Tax
Income Tax
Assessee entitled to depreciation on vehicle purchased but not registered in his name
Income Tax
Income Tax
S.32 Business information, contracts, records are “intangible assets” & eligible for depreciation
Income Tax
Income Tax
If assessee owns asset and used for business purpose during the relevant FY, then depreciation allowable
Income Tax
Income Tax
Assessee can ask for application of correct rate of Depreciation during Assessment
Income Tax
Income Tax
Power sector allowed initial depreciation at 20% of actual cost of new machinery
Income Tax
Income Tax
To claim terminal depreciation asset must be used for purpose of business or profession
Income Tax
Income Tax
