Investors are eligible for claiming depreciation on the amount spent on buying oil and gas blocks after adjusting for the cost of tangible assets, the government has said in a circular issued to clarify the treatment of investments into India’s energy assets.

Neeraj Agarwala, Partner shares his views on aforementioned story for following publications:

· Livemint- Standalone story
· Hindu Business Line- Standalone story
Investments into oil and gas blocks eligible for depreciation