Pictorial: How Meera Investments is changing Kampala’s skyline

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Ruparelia Group’s Kampala Kingom Mall. Dr. Sudhir argues that the amendment to section 22(2)(n), of the Income Tax Act that states that “the expenses incurred for the rental income shall be limited to 50% of the rental income” is particularly unfair especially since other businesses can claim all their expenses incurred in the production of income. He says this amendment will make the cost of the investment is too high. He proposes that real estate owners be allowed 100% deduction on expenses as all other businesses.