Applicability: All assesses Nature of Expenditure: contribution made to approved association or institution for implementation of rural development programme and
Read MoreApplicability: The assessee should be an Indian Company or Non-corporate resident assessee. Eligible Expenditure: Expenditure incurred wholly for- Operation relating
Read MoreApplicability: All assesses Conditions: The retirement should be in accordance with the scheme of voluntary retirement. The payment can be
Read MoreApplicability: The assessee should be an Indian Company. Deduction: Expenditure incurred for the purpose of amalgamation or de-merger will be
Read MoreApplicability: The assessee should be an Indian Company or Non-Corporate resident assessee. Purpose of preliminary expenses: Before commencement of business
Read MoreConditions for allow ability: Expenditure should be capital in nature. It should be incurred for the purpose of acquiring any
Read MoreApplicability: Applicable to an assessee carrying on business, consisting of prospecting or extraction or production of petroleum or natural gas
Read More1. Treatment for current year depreciation: Step1: Claim deduction of current year depreciation from business to which it relates. Step2:
Read MoreApplicability: It is applicable to assesses engaged in the business of manufacture / production of any article or a thing.
Read MoreCondition: In order to claim depreciation, the assessee has to fulfill the following conditions- Ownership: The asset shall be owned
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