https://www.taxtmi.com/acts?id=7798 Amendments to Section 36 expand permissible non cash payment modes for deductions, insert co operative banks (excluding certain primary societies) into coverage, and introduce a capped special reserve allowance for specified entities derived from eligible business profits, with detailed definitions of specified entities and eligible business. Other changes omit a prior clause, replace a clause permitting statutory corporations' non capital expenditure deductions, and permit public financial institutions' contributions to specified credit guarantee funds to qualify as deductible. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7798 Amendments to Section 36 expand permissible non cash payment modes for deductions, insert co operative banks (excluding certain primary societies) into coverage, and introduce a capped special reserve allowance for specified entities derived from eligible business profits, with detailed definitions of specified entities and eligible business. Other changes omit a prior clause, replace a clause permitting statutory corporations' non capital expenditure deductions, and permit public financial institutions' contributions to specified credit guarantee funds to qualify as deductible. Act-Rules F. Acts / Amendment Acts Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7798