Interested to Buy Any Domain ? << Click Here >> for more details...
what is the meaing of Purely Temporary Erections as per
income tax act
- 1 Answers
- 7459 Views
- I also Faced
- E-Mail Answers
Answer / s.r.sahgal
The term "Purely Temporary Erctions" is not defined in the
Income Tax Act or Rules. This is relevant to claim
depreciation. 100% Depreciation is allowed on such
Erections. To find the meaning we have to refer to
dictionaries. Dictionary meaning of"temporary" is -
"Lasting or intended to be used for a short time only".
Thus even if the erction is made of steel, brick and
concrete it will be a temporary erction if it is intened to
be used for a short time say upto five years as compared to
thirty/forty years or more.
| Is This Answer Correct ? | 2 Yes | 6 No |
what is t code of gr/ir report?
what are the General Ledger (G L)Accounts?
Define the accounting entries for payments
What is BRS Adjustment entry?
Payment made to creditors is a
what is service tax & excise? How will it be charged?
how do we pass the Entry for Reserves? and What is the Meaning of Surplus?
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
what is meaning of npv(net present value)
What is Time capital
how could i explain the reasons to quit my previous job and what are the better reasons to quit my job?
what will come under debit and credit side in trial balance please give me answer
15 Answers BMCC, Genpact, HF, UNSW,
Audit 
