https://www.taxtmi.com/highlights?id=103726 Business-expenditure and depreciation principles support deduction where expenditure serves ongoing operations without creating a capital asset or ownership right. Public-road contributions, compensatory afforestation, dry docking, mining-lease renewal stamp duty, dumping conversion charges, obsolete inventory write-offs and irrecoverable supplier advances are treated as revenue or business outgoings on the stated conditions. Depreciation is linked to use of any asset within a block and may extend to qualifying commercial vehicles, energy-saving generators and brought-forward goodwill. Interest disallowance is not justified where interest-free funds exceed investments or no borrowing-advance nexus exists. Withholding is not triggered for ex..... en-us Mon, 14 Sep 2026 08:32:11 +0530 Mon, 14 Sep 2026 08:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=103726 Business-expenditure and depreciation principles support deduction where expenditure serves ongoing operations without creating a capital asset or ownership right. Public-road contributions, compensatory afforestation, dry docking, mining-lease renewal stamp duty, dumping conversion charges, obsolete inventory write-offs and irrecoverable supplier advances are treated as revenue or business outgoings on the stated conditions. Depreciation is linked to use of any asset within a block and may extend to qualifying commercial vehicles, energy-saving generators and brought-forward goodwill. Interest disallowance is not justified where interest-free funds exceed investments or no borrowing-advance nexus exists. Withholding is not triggered for ex..... Highlights Income Tax Mon, 14 Sep 2026 08:32:11 +0530 https://www.taxtmi.com/highlights?id=103726