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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Depreciation on office buildings including land - When the ...


Bank Can Claim Full Depreciation on Office Buildings Without Separating Land Value u/s 32 of Income Tax Act.

April 22, 2020

Case Laws     Income Tax     AT

Depreciation on office buildings including land - When the assessee bank does not have any segregation value of land and building of the said premises and it has paid composite price, the entire depreciation claim is allowable u/s 32

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