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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Eligibility for depreciation - part payment made for the ...

Case Laws     Income Tax

October 14, 2016

Eligibility for depreciation - part payment made for the acquisition of asset - Once the corresponding liability in the accounts has been shown, then depreciation on the asset should be given irrespective of the fact that this year only part payment was made for the acquisition of that asset - AT

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