https://www.taxtmi.com/article/detailed?id=13223 Expenses incurred to acquire and maintain physical and mental capacity necessary for a vocation should be recognised as costs of earning and, where appropriate, treated by amortisation or recurring deduction. Costs of education, training, skill development and health/fitness that directly contribute to occupational competence may be capitalised or deducted proportionately, subject to records, itemisation, and analysis demonstrating their direct link to employability and productivity. en-us Wed, 18 Dec 2024 12:06:41 +0530 Wed, 18 Dec 2024 12:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13223 Expenses incurred to acquire and maintain physical and mental capacity necessary for a vocation should be recognised as costs of earning and, where appropriate, treated by amortisation or recurring deduction. Costs of education, training, skill development and health/fitness that directly contribute to occupational competence may be capitalised or deducted proportionately, subject to records, itemisation, and analysis demonstrating their direct link to employability and productivity. Articles Income Tax Wed, 18 Dec 2024 12:06:41 +0530 https://www.taxtmi.com/article/detailed?id=13223