Section 32 of Income Tax provides for additional depreciation equal to 20% of actual cost in the case of any new machinery and plant (other than ships and aircraft) …
CBDT has notified 7 backward districts in Andhra Pradesh (i.e. Anantapur, Chittoor, Cuddapah, Kurnool, Srikakulam, Vishakhapatnam and Vizianagaram) and has extended tax incentives under Sec. 32AD(1) & 32(1)(iia) of …
To solve issues arising out of Schedule II to the Companies Act, 2013, the ICAI has formulated Guidance Note on Accounting for Depreciation in Companies in the context of …