Sure, April is bad, but what about July, when you have to fill in your income tax forms? So the government allows a tax deduction for the wearing out of a machine, but not that of a human brain. Yet that’s precisely what the income tax rules do. Read: Beethoven’s Ode to Joy when there’s a tax cutBut if you’re using a machine in your business, you can claim depreciation on it as a tax deduction. Do the income tax rules provide for a deduction for this wear and tear?

Source: Hindustan Times July 23, 2016 17:26 UTC