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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Additional depreciation on ATMs - whether Automated Teller ...


ATMs Recognized as Computers for Tax Depreciation, Eligible for 60% Depreciation Rate Under Income Tax Laws.

July 19, 2016

Case Laws     Income Tax     AT

Additional depreciation on ATMs - whether Automated Teller Machines are substantially in the nature of computers - Held Yes - AO directed to allow depreciation @ 60% to ATMs - AT

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