Excessive Deductions

Tax Glossary Definition

Excessive Deductions

Excessive deductions refer to claims made by taxpayers that surpass the allowable limits prescribed under tax laws or are unsupported by valid evidence or justification. Such deductions may be disallowed by tax authorities during assessment or audit, potentially resulting in additional tax liability, penalties, or interest.

Example: A business claims higher depreciation than the rate permitted under the Income Tax Act, which may be treated as an excessive deduction by the assessing officer.

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