FRIENDS,,
where we got deduction U/S 35ABB incase of telecomunication licence then no depreciation u/s 32(1) shall be allowed inrespect of such licence
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 23 October 2010
No dep will be allowed on such lecence.
sajay kumar
(IPCC STUDENT)
(162 Points)
Replied 23 October 2010
if u dont mind can u please clearly explain it
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 23 October 2010
Under Sec. 35 ABB u write the fulll value of licence in no. of years.
So you will not get double benefit under income tax act. licence is fully write off in books so no dep. will be allowed on it.
sajay kumar
(IPCC STUDENT)
(162 Points)
Replied 23 October 2010
by the way maish iam explained the same thing. just see carefully again my note.
CAclubindia
