Depreciation Excluded from Deductions; Interest and Partner Remuneration Allowed Under Income Tax Act, Not Sections 30-38.

Depreciation Excluded from Deductions; Interest and Partner Remuneration Allowed Under Income Tax Act, Not Sections 30-38. https://www.taxtmi.com/highlights?id=31711 Deductions from estimated income - Depreciation should be excluded but the interest and remuneration to working partners are allowable as deduction as it does not fall under section 30 to 38 of the Act - AT en-us Mon, 17 Oct 2016 09:38:00 +0530 Mon, 17 Oct 2016 09:38:00 +0530 TaxTMI RSS Generator Depreciation Excluded from Deductions; Interest and Partner Remuneration Allowed Under Income Tax Act, Not Sections 30-38. https://www.taxtmi.com/highlights?id=31711 Deductions from estimated income - Depreciation should be excluded but the interest and remuneration to working partners are allowable as deduction as it does not fall under section 30 to 38 of the Act - AT Highlights Income Tax Mon, 17 Oct 2016 09:38:00 +0530 https://www.taxtmi.com/highlights?id=31711