Deduction
This query is : Open
Ajay Kumar
(Querist)
29 April 2017
Is impairment loss calculated in pursuance of AS 28 is allowed as deduction in income tax....kindly share the reason for allowance or disallowance..
Ashiwini Ballodia
(Expert)
29 April 2017
Impairment loss is not allowed in income tax only depreciation on asset is allowed in income tax
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