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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Expenditure on setting up a new unit to roll out new types of ...


New Vehicle Unit Setup Costs Classified as Capital Expenditure; Depreciation Qualifies u/s 32 of Income Tax Act.

July 5, 2016

Case Laws     Income Tax     AT

Expenditure on setting up a new unit to roll out new types of vehicles is capital expenditure, entitled to depreciation u/s 32.

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