What are the dry states?

What are the dry states? Three states—Kansas, Mississippi, and Tennessee—are entirely dry by default: counties specifically must authorize the sale of alcohol in order for it to be legal and subject to state liquor control laws. Alabama specifically allows cities and counties to elect to go dry by public referendum. What did dry laws restrict? […]

Is depreciation allowed on rental property?

Is depreciation allowed on rental property? However, depreciation on galas as given on rent amount to Rs. It is pertinent to note that against the rental income, the assessee has already been allowed statutory deduction u/s 24 and this depreciation is being claimed as business expenditure over and above the statutory deduction which has been […]

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