Meaning of paid under income tax: actual payment or incurrence according to taxpayers' accounting method for business profits. Section 43(2) defines Paid for income tax as amounts actually paid or incurred according to the taxpayer's method of accounting used to compute profits or gains under 'Profits and gains of business or profession.'
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.
Meaning of paid under income tax: actual payment or incurrence according to taxpayers' accounting method for business profits.
Section 43(2) defines Paid for income tax as amounts actually paid or incurred according to the taxpayer's method of accounting used to compute profits or gains under "Profits and gains of business or profession."
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