https://www.taxtmi.com/acts?id=3542 Section 28 taxes under the head Profits and gains of business or profession the profits of any business or profession carried on during the previous year and specified receipts connected to business relationships, including termination or modification payments to managers, agents or contractors, receipts of associations for member services, export related receipts and drawbacks, restraint or non compete payments, Keyman insurance sums, value of business perquisites, partner remuneration (with adjustments for disallowed deductions), and certain capital asset incidents linked to section 35AD. Speculative business is treated as distinct; residential letting by owner is excluded. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 12:33:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3542 Section 28 taxes under the head Profits and gains of business or profession the profits of any business or profession carried on during the previous year and specified receipts connected to business relationships, including termination or modification payments to managers, agents or contractors, receipts of associations for member services, export related receipts and drawbacks, restraint or non compete payments, Keyman insurance sums, value of business perquisites, partner remuneration (with adjustments for disallowed deductions), and certain capital asset incidents linked to section 35AD. Speculative business is treated as distinct; residential letting by owner is excluded. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3542