Depreciation on fixed assets classified as capital work in progress allowed in the revised return when corresponding income was taxed…
Transfer of vehicle registration not necessary for claiming depreciation. Transfer of ownership of vehicles is governed by the Sale of…
Depreciation claim disallowed-defective machine not ready to use. Legal ownership not a must but the machine if not used, should…
Useful Lives for depreciation on intangible assets-Amendment to Schedule-II. Companies not required to follow IndAS to follow 2006 Rules. GOVERNMENT…