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Depreciation on Leased Trucks Allowed u/s 32; Income Classified as Business Income per Sections 2(13) & 2(24.
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....Depreciation on leased assets - section 32 - Section 2(13) and Section 2(24) the income derived from leasing of the trucks would be business income - depreciaion allowed - HC....
TaxTMI
TaxTMI