We use cookies to make interactions with our websites and services easy and meaningful and to better understand how they are ...

The recent 'Tax Bill' not only provides tax relief for middle-class families and workers but also includes strategic provisions to boost investment, production, and innovation within the United States ...

Delhi ITAT sets aside PCIT's revisionary order concerning depreciation on goodwill for AY 2016-17, citing incorrect application of IND AS 103 and reliance on a new ...

With his first budget proposal of his second term, President Donald Trump and congressional Republicans hope the expansion of a tax break known as a bonus or special depreciation allowance will ...

There are two methods for computing deductible expenses related to a vehicle. Actual costs or standard mileage allowance. The easiest is the standard mileage allowance. All you need to do is keep ...

The new incentives include a “depreciation allowance” for zero-emission company cars, effective from July 1, 2024, until December 2028. This will allow companies to claim a tax deduction equal ...

Depreciation deductions – for a home’s construction cost and the declining value of things including carpets, curtains, furniture and appliances – are usually a property investor’s second ...

In a good first step the government, through an accelerated depreciation allowance, would promote the production of electric vehicle (EV) in South Africa, Automotive Business Council (Naamsa) CEO ...

Brink explained that Section 12B provides taxpayers with some relief from tax by providing for an accelerated capital depreciation allowance of 100% or on a 50/30/20 basis on the costs incurred ...

Capital allowances (CAs) are a useful tool for reducing taxable profit and should be considered when tax planning. Hugh Simpson, agricultural director at Ensors Chartered Accountants (Image: Ensors) ...