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Topic:Deprication is allowed on IFOS ?

AnonymousPosted on 8th January,2021 05:15 PM

How depreciation is allowed in IFOS. means there is no such provision. and if it is allowed as per book profits, then anyone can claim any amount?\r\n
Main Category: International Taxation | Sub Category: others | Reply Count: 1 |
Replies:-

Vivek meena says Replied on 8th July,2022 12:41 AM

hw can depreciable asset charged under ifos ?? income fall under ifos so from assets i can earn interest or rent or dividend and such other income not taxable under other head.

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