Compliances and Tax information feature Income Tax Provision allowing trust to either claim depreciation or cost of asset is applicable prospectively

Provision allowing trust to either claim depreciation or cost of asset is applicable prospectively

2:32 AM feature Income Tax

Section 11(6) inserted by Finance (No. 2) Act, 2014 denying depreciation while computing income of charitable trust, is prospective in nature and operates with effect from 1-4-2015

Refer:[2016] 67 taxmann.com 160 (Karnataka)

Share this

Related Posts

Subscribe to: Post Comments (Atom)