https://www.taxtmi.com/acts?id=3545 Deductibility is allowed for amounts paid on account of current repairs to machinery, plant or furniture used in the business or profession and for premiums paid for insurance against risk of damage or destruction of those assets; expenditure in the nature of capital expenditure is excluded from current repairs. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 12:35:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3545 Deductibility is allowed for amounts paid on account of current repairs to machinery, plant or furniture used in the business or profession and for premiums paid for insurance against risk of damage or destruction of those assets; expenditure in the nature of capital expenditure is excluded from current repairs. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3545