Charitable Trust's Depreciation Claim Denied, Previously Claimed as Income Application u/s 11 of Income Tax Act.

Charitable Trust's Depreciation Claim Denied, Previously Claimed as Income Application u/s 11 of Income Tax Act. https://www.taxtmi.com/highlights?id=24588 Depreciation claim denied - earlier claim as application of income u/s 11 - depreciation is allowable on capital assets on the income of the charitable trust for determining the quantum of funds which have to be applied for the purpose of trusts in terms of section 11 of the Act. - AT en-us Mon, 07 Sep 2015 10:44:11 +0530 Mon, 07 Sep 2015 10:44:11 +0530 TaxTMI RSS Generator Charitable Trust's Depreciation Claim Denied, Previously Claimed as Income Application u/s 11 of Income Tax Act. https://www.taxtmi.com/highlights?id=24588 Depreciation claim denied - earlier claim as application of income u/s 11 - depreciation is allowable on capital assets on the income of the charitable trust for determining the quantum of funds which have to be applied for the purpose of trusts in terms of section 11 of the Act. - AT Highlights Income Tax Mon, 07 Sep 2015 10:44:11 +0530 https://www.taxtmi.com/highlights?id=24588