Court Rules Items Under Rs. 5,000, Like Cylinders, Eligible for 100% Depreciation Without Usage Test Impact.

Court Rules Items Under Rs. 5,000, Like Cylinders, Eligible for 100% Depreciation Without Usage Test Impact. https://www.taxtmi.com/highlights?id=20032 Entitlement for 100% depreciation on value of cylinders purchased – an article whose cost is less than ₹ 5,000/- cannot form part of the block of assets much less the depreciation is subjected to any test as to extent of use - HC en-us Fri, 12 Sep 2014 13:08:46 +0530 Fri, 12 Sep 2014 13:08:46 +0530 TaxTMI RSS Generator Court Rules Items Under Rs. 5,000, Like Cylinders, Eligible for 100% Depreciation Without Usage Test Impact. https://www.taxtmi.com/highlights?id=20032 Entitlement for 100% depreciation on value of cylinders purchased – an article whose cost is less than ₹ 5,000/- cannot form part of the block of assets much less the depreciation is subjected to any test as to extent of use - HC Highlights Income Tax Fri, 12 Sep 2014 13:08:46 +0530 https://www.taxtmi.com/highlights?id=20032