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of <h1>Amendment to Section 37 clarifies non-deductible expenditures, including those for illegal activities, effective April 1, 2022.</h1> Section 37 of the Income-tax Act is amended to include Explanation 3, clarifying the scope of non-deductible expenditures. It specifies that expenditures incurred for purposes that constitute an offense or are prohibited by law, whether in India or abroad, are not deductible. This includes expenses to provide benefits or perquisites that violate legal guidelines and expenses to compound offenses. The amendment reiterates that such expenditures have never been deductible under the Act. This change is effective from April 1, 2022, reinforcing the non-allowability of such expenditures for business or professional purposes.
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