Income tax calculate after depreciatio
This query is : Resolved
05 September 2012
Dear Sir,
Is Income tax calculated after deducting depreciation or not in corporate sector.
Is Income tax calculated after deducting depreciation or not in corporate sector.
Guest
Guest
(Expert)
06 September 2012
Income Tax is calculated on business income after deducting allowable depreciation on assets.
The allowable depreciation calculated as per I.tax rules and real depreciation calculated in books are different matters.
The allowable depreciation calculated as per I.tax rules and real depreciation calculated in books are different matters.
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