https://www.taxtmi.com/acts?id=45999 The Schedule restructures income tax reliefs by expanding capital allowances and development rebates for new ships, machinery, plant and approved hotels, introducing immediate and tiered first year deductions linked to installation dates, and by substituting Chapter VIA with a consolidated deductions scheme (80A-80T) that defines gross total income, priority industry and eligibility, caps aggregate deductions to gross total income, and prescribes detailed, targeted deductions for life insurance and provident contributions, medical and educational expenses, annuities, donations, industrial and hotel profits, cooperative societies and inter company dividends. en-us Tue, 10 Dec 2024 23:28:12 +0530 Tue, 10 Dec 2024 23:28:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45999 The Schedule restructures income tax reliefs by expanding capital allowances and development rebates for new ships, machinery, plant and approved hotels, introducing immediate and tiered first year deductions linked to installation dates, and by substituting Chapter VIA with a consolidated deductions scheme (80A-80T) that defines gross total income, priority industry and eligibility, caps aggregate deductions to gross total income, and prescribes detailed, targeted deductions for life insurance and provident contributions, medical and educational expenses, annuities, donations, industrial and hotel profits, cooperative societies and inter company dividends. Act-Rules F. Acts / Amendment Acts Tue, 10 Dec 2024 23:28:12 +0530 https://www.taxtmi.com/acts?id=45999