Hi there is a query like AN event/ AN occasion/ AN asset will be considered as single event/occasion/asset or can be considered as multiple/plural as well for income tax purpose.
Menu
Singular/Plural in income tax
Replies (1)
An asset may be considered as a single asset or multiple assets depending on the nature of the asset and the relevant provisions of the Income Tax Act. For example, if an asset is a composite asset consisting of several components, it may be treated as a single asset for income tax purposes. On the other hand, if the asset consists of multiple distinct components or units, it may be treated as multiple assets for income tax purposes.
Recent Threads
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
Related Threads
CAclubindia
