https://www.taxtmi.com/acts?id=46090 Amendment permits full deduction in the year of first use for plant and machinery below a low-cost threshold. It revises the definition of "moneys payable" to include insurance, salvage, compensation and sale proceeds, and applies a proportional adjustment for motor cars where a deeming rule fixes cost. It also replaces the prior monthly remuneration test with a test based on the amount of income chargeable under the head "Salaries" being at or below a specified threshold. en-us Thu, 12 Dec 2024 14:58:31 +0530 Thu, 12 Dec 2024 16:33:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46090 Amendment permits full deduction in the year of first use for plant and machinery below a low-cost threshold. It revises the definition of "moneys payable" to include insurance, salvage, compensation and sale proceeds, and applies a proportional adjustment for motor cars where a deeming rule fixes cost. It also replaces the prior monthly remuneration test with a test based on the amount of income chargeable under the head "Salaries" being at or below a specified threshold. Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 14:58:31 +0530 https://www.taxtmi.com/acts?id=46090