The tax treatment of investment income tax in the hands of an investor in India
EXPENDITURE ON AGRICULTURAL EXTENSION PROJECT [SEC,35CCC APPLICABLE FROM THEASSESMENT YEAR 2013 – 14
Section 35CCC of the Income Tax Act, 1961 allows a deduction of 150% of the
NATIONAL FUNDS FOR A RURAL DEVLOPMENT
The National Fund for Rural Development (NFRD) is a scheme under the Income Tax Act:,
CONDITION FOR AVAILING DEDUCTION UNDER SECTION35CCA(1)(b)
The case laws condition for availing deduction under Section 35CCA(1)(b) of the Income Tax Act,
CONDITION FOR AVAILING DEDUCTION UNDER SECTION35CCA(1)(a)
Section 35CCA(1)(a) of the Income Tax Act, 1961 allows a deduction of 100% of the
DEPRECIATION UNDER SECTION 32 NOT APPLICABLE
Land: Land is also an intangible asset and cannot be depreciated. However, the cost of improvements
CONSEQUENCES IN CASE OF AMALGAMATION OR DEMERGER
Capital gains: Shareholders of the amalgamating or demerged company do not incur any capital gains
PROFIT AND LOSS ON SALE OF TELECOM LICENCE
The profit or loss on the sale of a telecom license is taxed as capital
AMOUNT OF DEDUCTION SEC.35ABB
Section 35ABB of the Income Tax Act, 1961 allows a deduction for expenditure incurred for
CONDITIONS
Section 35ABB of the Income Tax Act, 1961 allows a deduction for expenditure incurred for