Year: 2023

The amount of deduction available under section 33AB of the Income Tax Act, 1961 is

Unabsorbed depreciation is the portion of depreciation that an assesses is unable to claim as

There are many provisions illustrated under income tax, but some of the most common ones

Section 33AB of the Income Tax Act, 1961 provides for a deduction to an assesses

Section 32AC of the Income Tax Act, 1961 (the Act) provides for an investment allowance

Depreciation on straight – line basis in the case of power unit under Income Tax

Section 43(1) of the Income Tax Act, 1961 defines the term “actual cost” of an

Section 32(1) of the Income Tax Act, 1961 allows an additional depreciation of 20% of

The written down value (WDV) of a depreciable asset as per section 43(6) of the

BASIC CONCEPTS FOR COMPUTATION OF DEPRECIATION ALLOWANCE Depreciation is the allocation of the cost of