Why are companies allowed to deduct all expense before calculating income tax, but individuals not allowed to do the same?
Why are companies allowed to deduct all expense before calculating income tax, but individuals not allowed to do the same?
I mean an individual salaried person cannot claim depreciation/ part depreciation on his car which he uses to travel to office while a businessman who has his car under his company's name can claim depreciation.
Why like that?
CMNITY HIRE
New Delhi
Others
View Details
CAclubindia
