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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Methodology of claim of deprecation on windmills - assessee if ...


Claiming Depreciation on Windmills: No Need for Separate Notification, Just Opt in via Rule 5(1A) on Tax Return.

February 12, 2016

Case Laws     Income Tax     AT

Methodology of claim of deprecation on windmills - assessee if assessee exercised option in terms of second proviso to Rule 5(1A) at time of furnishing of return of income, it will suffice and no separate letter or request or intimation with regard to of exercise of option is required - AT

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