Tax deduction timing altered: amendment expands clause to include loans or advances and removes provisos affecting cash deduction. The amendment broadens the scope of section 43B by replacing "term loan" with "loan or advances" and corresponding references, while omitting specified ... Summary
Tax deduction timing altered: amendment expands clause to include loans or advances and removes provisos affecting cash deduction.
The amendment broadens the scope of section 43B by replacing "term loan" with "loan or advances" and corresponding references, while omitting specified provisos that previously cross referred to multiple clauses and removing the second proviso, thereby expanding the category of instruments subject to the provision.
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