Accelerated depreciation
This query is : Resolved
26 August 2013
WHAT IS ACCELERATED DEPRECIATION IN iNCOME TAX ACT. THE FIGURE OF REVENUE FORGONE (UNION BUDGET OF INDIA) INCLUDED A FIGURE OF ACCELERATED DEPRECIATION. WHETHER IT IS ADDITIONAL DEPRECIATION OR SOME THING ELSE.
26 August 2013
There is no concept of accelerated depreciation as mentioned by you under existing income tax act.
There is only normal depreciation and additional depreciation.
There is only normal depreciation and additional depreciation.
30 August 2013
BUT MINISTRY OF FINANCE IS USING THIS TERMINOLOGY FOR ASSESSING THE REVENUE FORGONE FIGURE.
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