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>Income-tax Amendment Act 1986: New Deductions for Employee Health Insurance, Revised Bad Debt Provisions Under Section 36.</h1> The Income-tax (Amendment) Act, 1986 modifies section 36 of the Income-tax Act, 1961. It introduces a new clause allowing deductions for premiums paid by employers for employee health insurance schemes approved by the Central Government. Additionally, it revises the provisions for deductions related to bad and doubtful debts. Scheduled and non-scheduled banks can now deduct up to five percent of total income and two percent of rural branch advances. Foreign banks are allowed a deduction of up to five percent of their total income, calculated before other specified deductions.
TaxTMI 
TaxTMI 
