Private jet sales are soaring and luxury car purchases are revving up — if you can count your splurge as a business expense, ...

Depreciation is a concept and a method that recognizes that some business assets become less valuable over time and provides a way to calculate and record the effects of this. Depreciation impacts a ...

ITAT Delhi held that as per the MAT provisions of section 115JB of the Income Tax Act the lower of book losses or unabsorbed ...

Depreciation recapture taxes gains from selling depreciated property as ordinary income, reclaiming prior tax benefits. If you’re a business owner, you’ve probably bought at least some property to use ...

For individuals, net income signifies earnings after taxes ... Businesses calculate earnings per share (EPS) using net income. It is often called the bottom line because it appears last on the income ...

Most tangible assets lose value over time. Equipment wears out, buildings require regular maintenance and upkeep, and computers become obsolete. To reflect the steady loss of value in capital assets, ...

Property depreciation is the gradual reduction in the value of a property over time due to factors like wear and tear, which can be used for tax deduction purposes. Property depreciation is typically ...

Learn how to assess a company's financial strength using the EBITDA-to-interest coverage ratio, focusing on its ability to ...

Having heard that U. S. Steel, Boeing Aircraft, other leading Defense producers were delaying construction of urgently needed new plants, the U. S. waited last week for two acts of Congress: 1) a ...

IT Act allows depreciation for real estate, including 5% for residential properties, 10% for commercial and around 40% for ...