https://www.taxtmi.com/acts?id=45841 Companies may deduct bona fide expenditure for promoting family planning among employees; revenue expenditures are deductible when incurred. Capital expenditure is treated with an initial deduction in the year of incurrence and the balance deductible in equal instalments over the immediately succeeding years. Provisions that govern depreciation and related deductions for research assets are made applicable to assets representing family planning expenditure, aligning capital allowance, amortisation and set-off treatment with the existing regime for scientific research assets. en-us Wed, 04 Dec 2024 16:34:16 +0530 Wed, 04 Dec 2024 16:34:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45841 Companies may deduct bona fide expenditure for promoting family planning among employees; revenue expenditures are deductible when incurred. Capital expenditure is treated with an initial deduction in the year of incurrence and the balance deductible in equal instalments over the immediately succeeding years. Provisions that govern depreciation and related deductions for research assets are made applicable to assets representing family planning expenditure, aligning capital allowance, amortisation and set-off treatment with the existing regime for scientific research assets. Act-Rules F. Acts / Amendment Acts Wed, 04 Dec 2024 16:34:16 +0530 https://www.taxtmi.com/acts?id=45841