TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 36(1) amended to clarify single provision account for bad debts and allow CTT deduction for commodities transactions</h1> With effect from 1 April 2014, section 36(1) is amended to (a) add an Explanation clarifying that, for the proviso to clause (vii) and clause (v) of sub-section (2), a single account only shall be maintained for provisions for bad and doubtful debts under clause (viia), covering all types of advances including those by rural branches; and (b) insert clause (xvi) permitting deduction of commodities transaction tax paid on taxable commodities transactions entered into in the course of business during the previous year where income from those transactions is included under 'Profits and gains of business or profession,' with terms defined by Chapter VII of the Finance Act, 2013.
TaxTMI 
TaxTMI 
