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)
Business deductions under income tax: scope and conditions for allowable expenses, bad debt treatment, and financial-sector provisions. Section 36 lists allowable deductions from business income, including insurance premiums, employer contributions to provident, pension and gratuity schemes (subject to limits), interest on capital borrowed (with disallowance for pre-use acquisition periods), provisions for bad and doubtful debts with detailed bank and financial institution-specific limits and options, treatment of zero-coupon bond discount, specific corporate expenditures, and deductions for specified transaction taxes and marked-to-market losses under notified income computation standards. Sub-section (2) prescribes conditions and adjustments for claiming bad debt deductions and later recoveries.
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.
Business deductions under income tax: scope and conditions for allowable expenses, bad debt treatment, and financial-sector provisions.
Section 36 lists allowable deductions from business income, including insurance premiums, employer contributions to provident, pension and gratuity schemes (subject to limits), interest on capital borrowed (with disallowance for pre-use acquisition periods), provisions for bad and doubtful debts with detailed bank and financial institution-specific limits and options, treatment of zero-coupon bond discount, specific corporate expenditures, and deductions for specified transaction taxes and marked-to-market losses under notified income computation standards. Sub-section (2) prescribes conditions and adjustments for claiming bad debt deductions and later recoveries.
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