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Income Tax - Highlights / Catch Notes

Home Highlights April 2012 Year 2012 This

Land is not a depreciable asset and hence can not form part of ...


Land Not Depreciable Under Income Tax Act Section 50; Eligible for Exemption u/s 54EC.

April 25, 2012

Case Laws     Income Tax     HC

Land is not a depreciable asset and hence can not form part of block of assets u/s 50 - investment eligible for exemption u/s 54EC

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