Income Tax Depreciation : Free Study Material

By | June 5, 2018
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(Last Updated On: July 20, 2018)

Income Tax Depreciation : Free Study Material

We have compiled Free study material on Income Tax Depreciation

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Free study material on Income Tax Depreciation

New Income Tax Depreciation Rates w.e.f 01.04.2017

Depreciation Rates under Income Tax [ As amended by Finance Act 2018]

Capital expenditure incurred in cash : Depreciation Disallowed w.e.f AY 2018-19

Disallowance of cash payments for capital Asset / expenditure w.e.f 01.04.2017

Partly Cash Expenditure on Asset – entire amount Disallowed ? Budget 2017-18 Suggestions

15% depreciation on oil wells notified by CBDT

Judgments on Income Tax Depreciation

Depreciation can be claimed on goodwill : ITAT

60% depreciation allowed on Printer being part of computer system : Madras HC

Computerized machines are not Computers, 60 % Depreciation not allowed

Bank ATMs eligible for 60% Depreciation

Depreciation on ROC Fees Capitalised allowed : High Court

Provisions of section 40(a)(i) are not attracted on Depreciation : ITAT

section 40(a)(i) No TDS Disallowance if Expenses Capitalised

Depreciation is allowed even before the date of Inauguration if the Asset is ready to use : ITAT

Depreciation on capitalization of foreign gain/loss not allowed as it does not satisfy Section 43A : HC

Depreciation on Increased cost of Asset due to Withdrawal of exemption of Custom duty certificate has to be computed from Year of Withdrawal : HC

Depreciation on revalued assets allowed to successor if same was allowed to predecessor : ITAT

Additional depreciation allowed even if acquisition ; installation is not in same year

Depreciation on Road constructed on BOT basis allowed as Intangible asset : ITAT

Depreciation allowed on landscape expenses on uneven leasehold land

No Depreciation on Leasehold rights in land , it not intangible Asset : ITAT

Compensation to retiring partners is Goodwill , Depreciation allowed : HC

Proviso for denying depreciation on asset already claimed as application is prospective : HC

You can not Claim GST ITC and Income Tax Depreciation at the same time

Embroidery work on Sari is manufacturing; machinery used for it eligible for additional depreciation : ITAT

Government authorisations (or approvals) are not eligible for depreciation

Film Projector could not be treated as computer for charging depreciation : ITAT

Unabsorbed depreciation allowed to be carried forward even if return filed belatedly : ITAT

115JB Book Profit- Unabsorbed Depreciation of earlier years allowed as Dedcution

Cenvat Credit available on input services even if depreciation is also claimed on it

Depreciation on goodwill -When claim not made in Return ; Case Law

Depreciation of brand value allowed

Depreciation of goodwill ; Case Law

Depreciation upto only 40% allowed to domestic company u/s 115BA

No deduction u/s 115JB if brought forward loss or unabsorbed depreciation becomes Nil

Book on Income Tax Depreciation

Computation of Depreciation Under Income Tax Act 1961 ; Companies Act 2013-Book 2017 Edition-Ram Dutt Sharma

Income Tax Commentary

Income Tax Slabs

Major Changes in Income Tax Act w.e.f 01.04.2018

Get Rs 5 Crore Reward from Income Tax Department : Income Tax News [Part 39]

Income Tax Informants Reward Scheme 2018 

Video : Rs 1 Crore Reward for Benami Property informant : Income Tax News [Part 38]

Income Tax on Salary : Free Study Material

Income Tax on House Property : Free Study Material

Income Tax on business Income :Free Study Material

Income Tax on Capital Gains : Free Study Material

Income Tax Return : Free Study Material

Income Tax on Gifts : Free Study Material

Income Tax on Gratuity  : Free Study Material

TDS under Income Tax : Free Study Material

Income Tax Exemptions : Free Study Material

Income Tax Deductions  : Free Study Material

Income Tax Penalty : Free Study Material

Income Tax Aadhar Link

FORM 61A Income Tax : Complete Guide

How to Submit Request for Rectification of Income Tax Return

10 Recent Income Tax Judgments

Income Tax Department advisory for salaried taxpayers

How to e verify ITR (Income Tax Return ) : User Guide

Section 80TTB Income Tax : Deduction of Rs 50000 p.m to senior citizen

Video ; Transport Allowance Exemption Withdrawn by Govt : Income Tax News [Part 35] : TaxHeal.com

 

 

 

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3 thoughts on “Income Tax Depreciation : Free Study Material

  1. Pingback: Cash Limits in Income Tax : Free Study Material - Tax Heal

  2. Pingback: Income Tax Commentary - Tax Heal

  3. Pingback: Cost Inflation Index under Income Tax : Free Study Material - Tax Heal

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