Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
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Pre-commencement receipts from broadband-project trial runs and scrap sales, when inextricably connected with installation of the capital asset, are treated as capital in nature. They are credited to capital work-in-progress and reduce construction cost rather than being taxed as income. For the infrastructure undertaking deduction, an eligible taxpayer may select an initial assessment year within the statutory claim period. The deduction then runs for the prescribed consecutive years from that chosen year, subject to statutory conditions, without setting off unabsorbed depreciation relating to years before the selected initial year.
Pre-commencement receipts from broadband-project trial runs and scrap sales, when inextricably connected with installation of the capital asset, are treated as capital in nature. They are credited to capital work-in-progress and reduce construction cost rather than being taxed as income. For the infrastructure undertaking deduction, an eligible taxpayer may select an initial assessment year within the statutory claim period. The deduction then runs for the prescribed consecutive years from that chosen year, subject to statutory conditions, without setting off unabsorbed depreciation relating to years before the selected initial year.
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