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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Computing capital gains u/s 50 - though the vesting of the title ...


Vesting of Title Needed for Depreciation Claim u/s 32, But Ownership Not Required for Asset Block Inclusion.

April 29, 2019

Case Laws     Income Tax     AT

Computing capital gains u/s 50 - though the vesting of the title is mandatorily required for claim of depreciation u/s 32 - de hors ownership of an asset, is not necessary form part of the ‘block of assets’for determining the point of acquisition of the property in terms of Sec. 50(1)(iii)- acquired assets will also form part of block

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