Depreciation rate change: annual allowance fraction raised to one fourth and proviso threshold increased, altering tax deductions. The income-tax provision is amended to substitute the fraction for computing the annual allowance from one fifth to one fourth, changing the annual ... Summary
Depreciation rate change: annual allowance fraction raised to one fourth and proviso threshold increased, altering tax deductions.
The income-tax provision is amended to substitute the fraction for computing the annual allowance from one fifth to one fourth, changing the annual deduction rate; additionally, the proviso's numeric threshold is increased by replacing the prior figure with thirty, thereby raising the threshold that governs the proviso's application.
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