Depreciation reference updated to include an additional subsection, broadening eligible capital allowance deductions under the Act. Amendment revises clause (iv) of sub-section (2) of section 35 to substitute the existing cross-reference to the earlier subsection of section 32 with a ... Summary
Depreciation reference updated to include an additional subsection, broadening eligible capital allowance deductions under the Act.
Amendment revises clause (iv) of sub-section (2) of section 35 to substitute the existing cross-reference to the earlier subsection of section 32 with a cross-reference that also includes the additional subsection under section 32, thereby extending section 35's reach to expenditures qualifying under that additional subsection.
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