Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
Depreciation rate adjustment in income-tax law increases allowable capital allowance rate for specified assets from prior statutory level. Statutory amendment substitutes a higher prescribed depreciation rate in clause (viia)(a) of section 36 of the Income-tax Act, effective from the ... Summary
Depreciation rate adjustment in income-tax law increases allowable capital allowance rate for specified assets from prior statutory level.
Statutory amendment substitutes a higher prescribed depreciation rate in clause (viia)(a) of section 36 of the Income-tax Act, effective from the amendment's commencement, thereby changing the rate used to compute allowable capital allowances and deductions for affected assets.
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