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ICDS 9
Whether amount disallowed in icds 9 can be shown as addition and depreciation on it can be claimed? or icds 9 was a permanent disallowance?
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Summary: Disallowed borrowing costs under ICDS IX cannot be claimed as depreciation because they are typically excluded from the "actual cost" of the asset as defined under Section 43(1) of the Income Tax Act. Adjustments for ICDS are for tax computation purposes only and do not automatically entitle you to include disallowed costs in the block of assets for depreciation.
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