Section 115JB Is Inapplicable to Banking Companies, Provision for Leave Encashment Is Disallowed Under Section 43B, and UPS Eligible for 60% Depreciation
Section 115JB Is Inapplicable to Banking Companies, Provision for Leave Encashment Is Disallowed Under Section 43B, and UPS Eligible for 60% Depreciation Issue Whether (1) Section 115JB applies to a banking company, (2) unpaid provision for leave encashment is allowable under Section 43B, and (3) Uninterrupted Power Supply (UPS) is entitled to depreciation at the… Read More »