Section 11

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afthab junejo m p (Querist)
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26 July 2010 Whether depreciation on fixed assets of a trust can be treated as application of income for the purpose of section 11? Any amendments or rulings came on this matter recently?
Can anyone give a good format of statement of computation of total income of a trust?

srinath

srinath (Expert)
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26 July 2010 ya depreciation on fixed assets can be claimed as application of income for the purpose of section 11

case law: institute of banking personnel selection 131 taxman 386 (bom).

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afthab junejo m p

afthab junejo m p (Querist)
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27 July 2010 Is it sure that no amendment is made on this contraversial matter recently?

Also please give a good format of statement of computation of total income of a trust.

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