India: No depreciation for government authorisations | KPMG | GLOBAL
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India: No depreciation allowed for government authorisations

India: No depreciation for government authorisations

The KPMG member firm in India has prepared reports about the following tax developments (read more at the hyperlinks provided below).


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  • Government authorisations (or approvals) are not eligible for depreciation: The Delhi Bench of the Income-tax Appellate Tribunal held that government authorisations or approvals are not licenses or rights having a business or commercial nature that, in turn, could be transferred to the taxpayer. Therefore, depreciation is not allowed on the value assigned such government authorisations. The tribunal also held that the taxpayer could not allocate the value of such government authorisations towards goodwill. The case is: Pitney Bowes India (P) Ltd. Read a June 2017 report [PDF 329 KB]
  • Exempt provident trusts must file monthly statements electronically using new software: The Employees’ Provident Fund Organisation issued a circular announcing that exempt funds and trusts must file monthly statements under the Employees’ Provident Fund Act and various related measures using a new software. Read a June 2017 report [PDF 337 KB]

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