06-10-2004, 03:31 AM
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Friends!
Is there anyone who tell me about the difference b/w(between) the "Deductible Allowances" & "Allowable Deductions"?
Tell me the answer or simply write down their definitions,if any.
<"A realm of control">
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In income tax there are certain expenses which are not allowable generally. A allowance is made/allwoed for these and therefore called dedctible allowance. A common example is depreciation.
The expenses which are usually allowable, are grouped/termed as allowable deduction. eg. salaries, wages, purchases
THE ONE
Friends!
Is there anyone who tell me about the difference b/w(between) the "Deductible Allowances" & "Allowable Deductions"?
Tell me the answer or simply write down their definitions,if any.
<"A realm of control">
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
In income tax there are certain expenses which are not allowable generally. A allowance is made/allwoed for these and therefore called dedctible allowance. A common example is depreciation.
The expenses which are usually allowable, are grouped/termed as allowable deduction. eg. salaries, wages, purchases
THE ONE
