Q.2 – What are the Basic Functions of Gen ITR Filing Software? Q.3 – Why is Gen Income Tax Return Filing Software is the Most Preferred Software? Q.4 – How Many Returns Can be Filed Using Gen IT software? Q.5 – Which features of Gen Income Tax Return Filing Software Makes It ...
The calculation of investment in plant and machinery or equipment will be based upon the Income Tax Return (ITR) of the previous year filed under the Income Tax (IT) Act, 1961. Moreover it is also clarified that plant and machinery will include all tangible assets other than land and build...