Dear Members,
Are there any Provisions for Plant or Furniture which are similar to the Concept of "Deemed building" under Explanation-1 to Sec-32 under the IT Act? If not then how will the capital expenditure made by a person on Plant which is taken on rent by him be dealt with under the IT Act?
Regards,
Souvik Ghosh
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
Shyam Joshi & Associates
Pune
B.Com
View Details
CAclubindia
