Entities Cannot Claim Exemption and Depreciation Simultaneously Under Income Tax Act Sections 11 and 32.

Entities Cannot Claim Exemption and Depreciation Simultaneously Under Income Tax Act Sections 11 and 32. https://www.taxtmi.com/highlights?id=28457 If the assessee claims exemption u/s 11 under Chapter III of the Act, it cannot claim depreciation u/s 32 - AT en-us Tue, 12 Apr 2016 11:15:37 +0530 Tue, 12 Apr 2016 11:15:37 +0530 TaxTMI RSS Generator Entities Cannot Claim Exemption and Depreciation Simultaneously Under Income Tax Act Sections 11 and 32. https://www.taxtmi.com/highlights?id=28457 If the assessee claims exemption u/s 11 under Chapter III of the Act, it cannot claim depreciation u/s 32 - AT Highlights Income Tax Tue, 12 Apr 2016 11:15:37 +0530 https://www.taxtmi.com/highlights?id=28457