Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Public Financial Institutions Can Deduct Contributions to Credit Guarantee Trust Fund Under Section 36(1)(xiv) of Income Tax Act</h1> Section 36(1)(xiv) of the Income Tax Act allows a public financial institution to claim a deduction for contributions made to a notified Credit Guarantee Trust Fund for small industries, specifically the Credit Guarantee Fund Trust for Micro and Small Enterprises, starting from the Assessment Year 2008-09. The term 'public financial institution' is defined as per section 40A of the Companies Act, 1956.