Menu
restricted depreciation of 40%
can anyone pls tell me as from which ay if the restricted rate if 40% on depreciation applicable as the notification says 1st april 2017. which can b ay 17-18
Replies (3)
Please refer following link issued by KPMG
https://www.in.kpmg.com/taxflaashnews/CBDT-Notification-Rules-amended-to-restrict-depreciation-rate-at-40-per-cent-1.pdf
Restriction is applicable from F.Y. 2016-17 (A.Y. 2017-18)
If Wrong please correct me
FY 2017-18.
FY 2016-17 for the domestic companies under section 115BA.
for other categories of assessees, from FY 2017-18.
for other categories of assessees, from FY 2017-18.
Related Topics
CAclubindia
