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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

Provision towards recovery of cost of repairs - the word ...

Income Tax

October 31, 2017

Provision towards recovery of cost of repairs - the word ‘provision’ is a misnomer as, in reality, it is not a provision but write off of actual repair expenses (net of recovery) - claim of deduction allowed.

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