Depreciation
Latest news, explainers and analysis on Depreciation. Tracking 2 stories on Arth Vani.
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Latest on Depreciation
ITAT Deletes ₹1.13 Crore Tax Adjustment Citing Inconsistent Depreciation Treatment
The Income Tax Appellate Tribunal (ITAT) has cancelled a significant ₹1.13 crore transfer pricing adjustment against a taxpayer. The tribunal's decision highlighted an inconsistent approach by tax authorities regarding depreciation treatment, which led to the deletion of the demand.
Big Tech Invests Over $1 Trillion in AI; Depreciation Bill Looms
Major global technology companies have collectively spent over $1 trillion (₹83.4 lakh crore) on artificial intelligence initiatives. This significant investment carries a future financial implication, as the true cost to these companies will fully materialize when these assets begin to depreciate.
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