Section 11(6) Amendment: Trust Asset Depreciation as Capital Expenditure from Assessment Year 2015-16 Onwards. https://www.taxtmi.com/highlights?id=37247 Depreciation of assets acquired by assessee trust - the capital expenditure is treated as application of income for charitable purposes - amendment in Section 11(6) is prospective in nature w.e.f. AY 2015-16 - SC en-us Thu, 21 Dec 2017 10:48:13 +0530 Thu, 21 Dec 2017 10:48:13 +0530 TaxTMI RSS Generator Section 11(6) Amendment: Trust Asset Depreciation as Capital Expenditure from Assessment Year 2015-16 Onwards. https://www.taxtmi.com/highlights?id=37247 Depreciation of assets acquired by assessee trust - the capital expenditure is treated as application of income for charitable purposes - amendment in Section 11(6) is prospective in nature w.e.f. AY 2015-16 - SC Highlights Income Tax Thu, 21 Dec 2017 10:48:13 +0530 https://www.taxtmi.com/highlights?id=37247