https://www.taxtmi.com/acts?id=3571 Section 36 lists allowable deductions from business income, including insurance premiums, employer contributions to provident, pension and gratuity schemes (subject to limits), interest on capital borrowed (with disallowance for pre-use acquisition periods), provisions for bad and doubtful debts with detailed bank and financial institution-specific limits and options, treatment of zero-coupon bond discount, specific corporate expenditures, and deductions for specified transaction taxes and marked-to-market losses under notified income computation standards. Sub-section (2) prescribes conditions and adjustments for claiming bad debt deductions and later recoveries. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 16:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3571 Section 36 lists allowable deductions from business income, including insurance premiums, employer contributions to provident, pension and gratuity schemes (subject to limits), interest on capital borrowed (with disallowance for pre-use acquisition periods), provisions for bad and doubtful debts with detailed bank and financial institution-specific limits and options, treatment of zero-coupon bond discount, specific corporate expenditures, and deductions for specified transaction taxes and marked-to-market losses under notified income computation standards. Sub-section (2) prescribes conditions and adjustments for claiming bad debt deductions and later recoveries. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3571