Capital Subsidy Deduction Lowers Asset Cost for Depreciation u/s 43(1) of Income Tax Act.

Capital Subsidy Deduction Lowers Asset Cost for Depreciation u/s 43(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=6370 Depreciation - Capital subsidy – According to Explanation 10 and proviso to sub-section (1) of Section 43, the subsidy amount shall be deducted in the actual cost of the asset of the assessee. - HC en-us Wed, 02 Jan 2013 17:03:10 +0530 Wed, 02 Jan 2013 17:03:10 +0530 TaxTMI RSS Generator Capital Subsidy Deduction Lowers Asset Cost for Depreciation u/s 43(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=6370 Depreciation - Capital subsidy – According to Explanation 10 and proviso to sub-section (1) of Section 43, the subsidy amount shall be deducted in the actual cost of the asset of the assessee. - HC Highlights Income Tax Wed, 02 Jan 2013 17:03:10 +0530 https://www.taxtmi.com/highlights?id=6370