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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Intangibles like goodwill are eligible for depreciation - non ...


Non-Compete Fees Now Revenue: Section 28(va) Updates Income Tax Act on Depreciation of Intangibles Like Goodwill.

May 29, 2014

Case Laws     Income Tax     AT

Intangibles like goodwill are eligible for depreciation - non compete fee is in the nature of the payment and is now covered u/s 28(va) of the Act, it would be revenue in nature - AT

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