Disallowance of deductions restricts expense and allowance claims when computing specified taxable income under tax law. Insertion of a clause in section 44D precludes deduction of any expenditure or allowance in computing the income referred to in clause (ab) of sub section ... Summary
Disallowance of deductions restricts expense and allowance claims when computing specified taxable income under tax law.
Insertion of a clause in section 44D precludes deduction of any expenditure or allowance in computing the income referred to in clause (ab) of sub section (1) of section 115A, effective from 1 April 1989.
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