Shrine Management Units Can Claim Depreciation Allowance via Capital Expenditure, Not u/s 32(1) of Income Tax Act.

Shrine Management Units Can Claim Depreciation Allowance via Capital Expenditure, Not u/s 32(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=39209 Entitled to a claim of depreciation allowance on the assets of its’ unit managing shrines (holy places) - Without doubt, the same is admissible - However, the same would not be u/s 32(1), but as part of application of income towards capital expenditure - AT en-us Thu, 03 May 2018 11:39:34 +0530 Thu, 03 May 2018 11:39:34 +0530 TaxTMI RSS Generator Shrine Management Units Can Claim Depreciation Allowance via Capital Expenditure, Not u/s 32(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=39209 Entitled to a claim of depreciation allowance on the assets of its’ unit managing shrines (holy places) - Without doubt, the same is admissible - However, the same would not be u/s 32(1), but as part of application of income towards capital expenditure - AT Highlights Income Tax Thu, 03 May 2018 11:39:34 +0530 https://www.taxtmi.com/highlights?id=39209