https://www.taxtmi.com/article/detailed?id=17567 Animals used in business otherwise than as stock-in-trade receive a terminal deduction when they die or become permanently useless, equal to actual cost less disposal or carcass realisation. No depreciation is available during their productive use. This approach is criticised as inconsistent with real-income computation because capital cost is not recovered while the animal generates revenue. Depreciation through a block-of-assets framework is proposed for long-lived business animals, based on their reasonably estimable commercial life, changing productive capacity, and alternative commercial uses. en-us Tue, 13 Oct 2026 07:26:04 +0530 Tue, 13 Oct 2026 07:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17567 Animals used in business otherwise than as stock-in-trade receive a terminal deduction when they die or become permanently useless, equal to actual cost less disposal or carcass realisation. No depreciation is available during their productive use. This approach is criticised as inconsistent with real-income computation because capital cost is not recovered while the animal generates revenue. Depreciation through a block-of-assets framework is proposed for long-lived business animals, based on their reasonably estimable commercial life, changing productive capacity, and alternative commercial uses. Articles Income Tax Tue, 13 Oct 2026 07:26:04 +0530 https://www.taxtmi.com/article/detailed?id=17567