Thursday, July 2, 2020

ITAT allows 60% of Deduction on Computers and Computer Software [Read Order]

The Income Tax Appellate Tribunal (ITAT), while upholding the decision of the CIT(A) held that on computers and computer software assessee is eligible for deduction 60%. The assessee, Indiabulls Ventures Ltd. is a company engaged in the business of stock and shares brokers of NSE and BSE. It filed its return of income. The assessment […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3gpAwb8

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