Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Computation of business income requires applying the specified subsequent provisions for deductions, allowances and adjustments. Income from profits and gains of business or profession must be computed by reference to the subsequent provisions that prescribe allowable deductions, depreciation, set offs and other adjustments; the cited terminal provision identifier has been updated through successive statutory substitutions, preserving the rule that taxable business and professional income is calculated under the detailed computation framework of the following sections.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Computation of business income requires applying the specified subsequent provisions for deductions, allowances and adjustments.
Income from profits and gains of business or profession must be computed by reference to the subsequent provisions that prescribe allowable deductions, depreciation, set offs and other adjustments; the cited terminal provision identifier has been updated through successive statutory substitutions, preserving the rule that taxable business and professional income is calculated under the detailed computation framework of the following sections.
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