https://www.taxtmi.com/acts?id=3572 Expenditure wholly and exclusively for business or profession is allowable in computing business income, except capital or personal expenses and items excluded by Sections 30-36. Expenses incurred for purposes that are offences or prohibited by law, payments to compound offences or settle specified contraventions, and expenditures on corporate social responsibility activities are not deductible. Expenditure on advertisements in political party publications is also disallowed. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 16:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3572 Expenditure wholly and exclusively for business or profession is allowable in computing business income, except capital or personal expenses and items excluded by Sections 30-36. Expenses incurred for purposes that are offences or prohibited by law, payments to compound offences or settle specified contraventions, and expenditures on corporate social responsibility activities are not deductible. Expenditure on advertisements in political party publications is also disallowed. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3572