https://www.taxtmi.com/acts?id=49495 The amendment caps the aggregate depreciation deduction for specified tangible and intangible assets where assets pass by succession, amalgamation or demerger at the amount computed as if the reorganisation had not occurred, using prescribed rates, and mandates that this capped deduction be apportioned between the transferor and transferee entities in the ratio of the number of days each entity used the assets. en-us Sat, 22 Feb 2025 10:51:13 +0530 Sat, 22 Feb 2025 10:51:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49495 The amendment caps the aggregate depreciation deduction for specified tangible and intangible assets where assets pass by succession, amalgamation or demerger at the amount computed as if the reorganisation had not occurred, using prescribed rates, and mandates that this capped deduction be apportioned between the transferor and transferee entities in the ratio of the number of days each entity used the assets. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 10:51:13 +0530 https://www.taxtmi.com/acts?id=49495