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Section 80G of the Income Tax Act allows taxpayers to claim deductions for donations made to specified funds and charitable institutions. To illustrate the...
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Deductions under Section 80C to 80U of the Income Tax Act play a crucial role in reducing the taxable income for individuals. Let's explore...
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Depreciation:CA Devesh ThakurDefinition: Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. It represents the decrease in...
Capital Gain on Sale of Depreciable Assets
Definition:CA Devesh ThakurCapital gains arise when a depreciable asset is sold at a price higher than its written down value. Depreciable assets include tangible...
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