Day: April 3, 2019

Recommendations of Choksi Committee on Depreciation

1. Depreciation under the Income Tax Act does not merely a provision for charging against taxable profits the capital expenditure incurred by an undertaking on the depreciable asset over the useful lives of the assets, but it is also aimed at working as a tax incentive measure affecting the cash flow of business enterprises and …

Recommendations of Choksi Committee on Depreciation Read More »

Scroll to Top