https://www.taxtmi.com/acts?id=49026 Provides allowable deductions for expenses on premises, machinery, plant or furniture wholly and exclusively used for business or profession, including insurance premiums, land revenue and municipal taxes, rent for tenants, and non-capital current repairs. Where use is partial or not wholly exclusive to the business, deductions are limited to the fair proportionate part as determined by the Assessing Officer having regard to actual business usage. en-us Fri, 14 Feb 2025 16:13:52 +0530 Fri, 14 Feb 2025 16:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49026 Provides allowable deductions for expenses on premises, machinery, plant or furniture wholly and exclusively used for business or profession, including insurance premiums, land revenue and municipal taxes, rent for tenants, and non-capital current repairs. Where use is partial or not wholly exclusive to the business, deductions are limited to the fair proportionate part as determined by the Assessing Officer having regard to actual business usage. Act-Rules Bills Fri, 14 Feb 2025 16:13:52 +0530 https://www.taxtmi.com/acts?id=49026