https://www.taxtmi.com/manuals?id=4168 Allowable deductions under Profits and gains of business or profession include depreciation, capital expenditure on scientific research, and capital expenditure for promoting family planning among employees; where current-year business income is insufficient to absorb these deductions, the excess constitutes unabsorbed depreciation or unabsorbed capital expenditure on scientific research or family planning and may be carried forward to subsequent years for set off against future profits. en-us Mon, 25 Dec 2023 17:23:00 +0530 Mon, 25 Dec 2023 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4168 Allowable deductions under Profits and gains of business or profession include depreciation, capital expenditure on scientific research, and capital expenditure for promoting family planning among employees; where current-year business income is insufficient to absorb these deductions, the excess constitutes unabsorbed depreciation or unabsorbed capital expenditure on scientific research or family planning and may be carried forward to subsequent years for set off against future profits. Manuals Income Tax Mon, 25 Dec 2023 17:23:00 +0530 https://www.taxtmi.com/manuals?id=4168