https://www.taxtmi.com/article/detailed?id=10480 Non compete payments that confer an identifiable commercial advantage or form part of a transfer of business rights may be capitalized as an intangible asset and claimed for depreciation under the inclusive phrase "any other business or commercial rights of similar nature" in Section 32(1)(ii); assessment depends on substance, enforceability, period of benefit, reasonableness of restriction and compensation, and tailored amortization reflecting factual circumstances. en-us Thu, 23 Jun 2022 09:30:15 +0530 Thu, 23 Jun 2022 09:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10480 Non compete payments that confer an identifiable commercial advantage or form part of a transfer of business rights may be capitalized as an intangible asset and claimed for depreciation under the inclusive phrase "any other business or commercial rights of similar nature" in Section 32(1)(ii); assessment depends on substance, enforceability, period of benefit, reasonableness of restriction and compensation, and tailored amortization reflecting factual circumstances. Articles Income Tax Thu, 23 Jun 2022 09:30:15 +0530 https://www.taxtmi.com/article/detailed?id=10480