https://www.taxtmi.com/acts?id=11689 Clause 34 treats business expenditure as the aggregate of operating expenditure, finance charges and capital allowances incurred for the business during the financial year. Capital allowance deductions apply whether or not claimed in computing total income. The Assessing Officer may restrict deductions to an appropriate amount where a business asset is not used exclusively for business purposes. en-us Thu, 16 Sep 2010 18:33:32 +0530 Fri, 17 Sep 2010 13:24:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11689 Clause 34 treats business expenditure as the aggregate of operating expenditure, finance charges and capital allowances incurred for the business during the financial year. Capital allowance deductions apply whether or not claimed in computing total income. The Assessing Officer may restrict deductions to an appropriate amount where a business asset is not used exclusively for business purposes. Act-Rules Bills Thu, 16 Sep 2010 18:33:32 +0530 https://www.taxtmi.com/acts?id=11689