Profits and Gains from Business or Prof.

Hey! before starting the topic, just first try to map out what sections u r going to do in it. scan through them in the order of relevance.

Like in Sec. 32, what u r going to do in this section is actually;

SEc.32(1): Main depreciation section.

Explanation -1 to SEc.32 : Deemed building.

Explanation -5 to Sec.32 : Mandatory claim of dep.

2nd proviso to sec.32 : 50% dep. provision in case of 182 days.

5th proviso to sec.32 ; proportional dep. in case of amalgamation/demerger.

Sec.32(1)(iia) : Additional dep. of 20% in first year.

Sec.32(2) : Unabsorbed depreciation to be carry forward for infinite period.

This way u can first chart it out like a roadmap we do...... this way u will be able to compile the whole topic.

like wise u can do the same in Sec.43. Just by writing down the various explanations given in them. though I think in IPCC level, such detailed preparation is not needed......