CCS

Income Tax (Accelerated Capital Allowance) (Excursion Bus) Rules 2021

1) Licensed tour operators were given the ACA on capital expenses incurred on the purchase of excursion buses. The ACA provided under the Income Tax (Accelerated Capital Allowance) (Excursion Bus) Rules 2021 can be claimed within a period of 2 years with an initial allowance of 20% and an annual allowance of 40%. 2) Budget […]

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