https://www.taxtmi.com/article/detailed?id=249 Memberships and analogous enduring business rights that create commercial rights necessary to carry on a business qualify as intangible assets for depreciation; tribunals have allowed depreciation on the written down value of stock exchange membership rights, and where depreciation was not previously claimed the undepreciated actual cost is treated as the written down value in the first year, with subsequent WDV computed as cost less depreciation actually allowed. en-us Sun, 21 Dec 2008 00:00:00 +0530 Sun, 21 Dec 2008 16:37:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=249 Memberships and analogous enduring business rights that create commercial rights necessary to carry on a business qualify as intangible assets for depreciation; tribunals have allowed depreciation on the written down value of stock exchange membership rights, and where depreciation was not previously claimed the undepreciated actual cost is treated as the written down value in the first year, with subsequent WDV computed as cost less depreciation actually allowed. Articles Income Tax Sun, 21 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=249