FRIENDS,,
where we got deduction U/S 35ABB incase of telecomunication licence then no depreciation u/s 32(1) shall be allowed inrespect of such licence
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sec 35ABB
Replies (5)
No dep will be allowed on such lecence.
hey no depreciation will be allowed
if u dont mind can u please clearly explain it
Under Sec. 35 ABB u write the fulll value of licence in no. of years.
So you will not get double benefit under income tax act. licence is fully write off in books so no dep. will be allowed on it.
by the way maish iam explained the same thing. just see carefully again my note.
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