Impact of waiver of loan or liability on depreciation claim

FCS Deepak Pratap Singh , Last updated: 13 April 2022
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ISSUE FOR CONSIDERATION When a loan taken for acquiring a depreciable capital asset or a part of the purchase price of such capital asset is waived in a year subsequent to the year of acquisition, an issue that arises with respect to waiver of loan or part of the purchase price is whether the dep

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Published by

FCS Deepak Pratap Singh
(Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.))
Category Income Tax Report

Impact of waiver of loan or liability on depreciation claim

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