Deduction from estimated income - depreciation and interest, ...

Depreciation and interest remain deductible expenses even when profits are calculated on a percentage basis.

September 7, 2014

Case Laws Income Tax HC

Deduction from estimated income - depreciation and interest, which are otherwise deductable in the ordinary course of assessment, remain the same legal character, even where the profit of assessee is determined on percentage basis - HC

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Deduction from estimated income - depreciation and interest, ...

Depreciation and interest remain deductible expenses even when profits are calculated on a percentage basis.

September 7, 2014

Case Laws Income Tax HC

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