Easy Office
Easy Office

Trust - it return

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 February 2013 Good evening,
CAPITAL ITEMS PURCHASED IS IT CLAIMED FOR SEC 11(1)(a&b): Accumulation to the extent of 15%?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
06 February 2013 Capital expenditure can be treated as application of income u/s 11(1)(a).
Citation :- CIT Vs. Kannika Parameswari..... (1982) 133 ITR 779(Mad).
Profile Image

CA AYUSH AGRAWAL

Profile Image

CA AYUSH AGRAWAL (Expert)
08 February 2013 Yes, Capital Expenditure, Fixed Assset, Later Depreciation Can be Claimed as Application of Income.
Double Effect.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links