https://www.taxtmi.com/acts?id=11989 Profits of each specified business are computed separately as gross income from that business reduced by business expenditure wholly and exclusively incurred. Gross income includes business receipts, proceeds from disposal of qualifying business capital assets (excluding land, goodwill or financial instruments) for which Schedule deductions are or were allowable, and specified amounts from the income provisions. Business expenditure includes operating expenditure, finance charges, licence/rental payments actually paid, capital expenditure and pre commencement expenditure; depreciation and allowances are to be computed as if relevant deductions were allowed. en-us Fri, 17 Sep 2010 12:42:48 +0530 Fri, 17 Sep 2010 14:57:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11989 Profits of each specified business are computed separately as gross income from that business reduced by business expenditure wholly and exclusively incurred. Gross income includes business receipts, proceeds from disposal of qualifying business capital assets (excluding land, goodwill or financial instruments) for which Schedule deductions are or were allowable, and specified amounts from the income provisions. Business expenditure includes operating expenditure, finance charges, licence/rental payments actually paid, capital expenditure and pre commencement expenditure; depreciation and allowances are to be computed as if relevant deductions were allowed. Act-Rules Bills Fri, 17 Sep 2010 12:42:48 +0530 https://www.taxtmi.com/acts?id=11989