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"The changes announced today will ensure that alignment between the fringe benefits tax (FBT) deemed depreciation rate and the depreciation rate for income ......
By itself, the accounting standard will have no implication on the allowance of depreciation on assets under the provisions of the Income - tax Act - Circular ......
Feb 28, 2005 ... Also, the condition of 10 per cent addition to capital assets for ... The higher depreciation rates under Income Tax Act were intended to ......
Personal income tax rates have been at 10 per cent, 20 per cent and 30 per ... 54EC of the Income - Tax Act to amounts invested in bonds issued by the SIDBI. ......
When It Comes To Commercial Buildings, The Income Tax Act Provides For The Depreciation Of Buildings Used For Manufacturing And Similar Processes. ......