Depreciation deduction threshold increased and exclusion clauses removed, altering calculation of written down value for assets. Amendment raises the monetary floor for deduction under clause (ii) and deletes provisos in clauses (iv) and (v) that previously excluded certain sums ... Summary
Depreciation deduction threshold increased and exclusion clauses removed, altering calculation of written down value for assets.
Amendment raises the monetary floor for deduction under clause (ii) and deletes provisos in clauses (iv) and (v) that previously excluded certain sums from being deductible in determining the written down value for clause (ii), thereby expanding deductible amounts and altering written down value computation.
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