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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Claim of depreciation while claiming exemption u/s 11 - the ...

Case Laws     Income Tax

November 1, 2018

Claim of depreciation while claiming exemption u/s 11 - the income of the trust is required to be computed under section 11 on commercial principles after providing for allowance for normal depreciation and deduction thereof from the gross income of the trust.

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