EASYOFFICE
EASYOFFICE

Import of second hand plant

This query is : Resolved 

14 November 2014 Hello Experts,
What are the Provisions in Income tax act, 1961 regarding Importation of Second hand plant in India.
Advise me if any tax saving idea u have on this transaction.
when import is made from a group Concern entity.

14 November 2014 The actual cost incurred shall be regarded to be cost for depreciation purpose. (The restrictions, if any, are for SEZ and EOU, not for normal company transactions)



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries