https://www.taxtmi.com/acts?id=10813 Computation of capital allowances aggregates depreciation of business capital assets, initial depreciation, terminal allowance and scientific research and development allowance. Depreciation, initial depreciation and terminal allowance are allowed where the asset is owned, wholly or partly, and used for the business. The ownership condition does not apply to capital expenditure on buildings held under lease or other right of occupancy, and an asset is deemed owned by a lessee under a financial lease. en-us Thu, 20 Aug 2009 11:57:33 +0530 Thu, 20 Aug 2009 16:13:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10813 Computation of capital allowances aggregates depreciation of business capital assets, initial depreciation, terminal allowance and scientific research and development allowance. Depreciation, initial depreciation and terminal allowance are allowed where the asset is owned, wholly or partly, and used for the business. The ownership condition does not apply to capital expenditure on buildings held under lease or other right of occupancy, and an asset is deemed owned by a lessee under a financial lease. Act-Rules Bills Thu, 20 Aug 2009 11:57:33 +0530 https://www.taxtmi.com/acts?id=10813