The penned down price (WDV) of assets for tax applications shall be calculated as in the depreciation is authorized every year. This WDV could well be the value of the asset for tax needs in a very scenario where the asset is marketed later with the assessee.
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In the above illustration, the full receipt is beneath the revised/greater presumptive Restrict of Rs. 75 lakh and the cash receipt is less than 5% of the total receipts.
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Extending the repayment phrases of a bank loan might end in further interest paid out, and also late fees, which often can drastically enhance the total volume you shell out back on the loan. Usually, mortgage renewal policies are controlled from the point out governing administration. Learn more regarding your states procedures in regard to bank loan renewal, and thoroughly read through the lender’s terms just before signing a mortgage contract.
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