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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Depreciation of assets acquired by assessee trust - the capital ...


Section 11(6) Amendment: Trust Asset Depreciation as Capital Expenditure from Assessment Year 2015-16 Onwards.

December 21, 2017

Case Laws     Income Tax     SC

Depreciation of assets acquired by assessee trust - the capital expenditure is treated as application of income for charitable purposes - amendment in Section 11(6) is prospective in nature w.e.f. AY 2015-16 - SC

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