TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Deduction for Animals in Business: Section 36(1)(vi) Allows Cost Minus Sale Proceeds if Animals Die or Become Useless.</h1> Section 36(1)(vi) of the Income Tax Act addresses deductions for animals used in business, excluding stock-in-trade. If such animals die or become permanently useless, a deduction is allowed for the difference between their actual cost and any sale proceeds. This provision includes birds and chickens. Depreciation is not permitted for animals used in business. The deduction amount is calculated as the cost of purchasing the animal minus any amount realized from its sale.
TaxTMI 
TaxTMI 
