https://www.taxtmi.com/manuals?id=5249 The rule defines Moneys Payable to include insurance, salvage or compensation and, where the asset is sold, the sale price, including scrap value. For motor cars whose cost is treated as a statutory deemed amount for depreciation, the moneys payable in respect of such motor cars must be taken in the same proportion as the deemed cost bears to the actual cost as computed before applying the deeming proviso. en-us Thu, 19 Sep 2024 18:02:00 +0530 Tue, 05 Nov 2024 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5249 The rule defines Moneys Payable to include insurance, salvage or compensation and, where the asset is sold, the sale price, including scrap value. For motor cars whose cost is treated as a statutory deemed amount for depreciation, the moneys payable in respect of such motor cars must be taken in the same proportion as the deemed cost bears to the actual cost as computed before applying the deeming proviso. Manuals Income Tax Thu, 19 Sep 2024 18:02:00 +0530 https://www.taxtmi.com/manuals?id=5249