https://www.taxtmi.com/forum/issue?id=4742 The allowable deduction for deposits to the special Development Account is limited to the lower of: (a) the sum deposited in the special account; and (b) a prescribed proportion of business profit. This limiting rule determines entitlement to the deduction and thereby affects whether any excess drawn can be treated for tax purposes. en-us Fri, 21 Sep 2012 15:04:24 +0530 Thu, 23 Jan 2025 15:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4742 The allowable deduction for deposits to the special Development Account is limited to the lower of: (a) the sum deposited in the special account; and (b) a prescribed proportion of business profit. This limiting rule determines entitlement to the deduction and thereby affects whether any excess drawn can be treated for tax purposes. Discussion-Forum Income Tax Fri, 21 Sep 2012 15:04:24 +0530 https://www.taxtmi.com/forum/issue?id=4742