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  • Jini Seelan

Tax Treatment on Expenditure for Repairs & Renewals of Assets

One of the hottest questions among business owners 👉🏼 Why some repair and renewal expenses of assets can’t be claimed as tax deduction?

The short straightforward explanation is that whether an expense is tax deductible or not depends on whether it is CAPITAL or REVENUE in nature. Check out the guide below to understand better with some scenarios.

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