https://www.taxtmi.com/article/detailed?id=238 Proposal to reinstate a standard deduction and permit a depreciation allowance against salary income for employees who own or use assets in connection with employment. Recommend a presumptive percentage based standard deduction with slabs and allowance of depreciation on vehicles, computers, appliances, and in limited cases buildings, applying reduced depreciation rates (proposed at half the normal rates) to reflect family use. Rationale: equity with employers, administrative simplicity, capital formation among salary earners, and economic stimulus. en-us Fri, 05 Dec 2008 00:00:00 +0530 Sat, 06 Dec 2008 12:05:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=238 Proposal to reinstate a standard deduction and permit a depreciation allowance against salary income for employees who own or use assets in connection with employment. Recommend a presumptive percentage based standard deduction with slabs and allowance of depreciation on vehicles, computers, appliances, and in limited cases buildings, applying reduced depreciation rates (proposed at half the normal rates) to reflect family use. Rationale: equity with employers, administrative simplicity, capital formation among salary earners, and economic stimulus. Articles Income Tax Fri, 05 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=238