Section 41(2) - Balancing Charge

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....is the actual money and it does not include any other thing or benefit which can be converted in terms of money. If the amount calculated under Step II is more than the amount of Step I, then tax treatment of such surplus is as follows: * So much of the surplus which is equal to the amount of depreciation already claimed, is taxable as balancing charge u/s 41(2) as business income. * The rema....