https://www.taxtmi.com/acts?id=10835 Deductions for income from residuary sources permit only expenditure wholly and exclusively for earning residuary income and subject to specified conditions. Allowable items include reasonable remuneration or commission, amounts determined under specified calculation methods, amounts allowable under related provisions for particular income types, and other non capital expenses. Certain receipts qualify as deductions when they meet prescribed premium, term and cap conditions, while explicit exclusions bar personal expenses, wealth-tax, and Keyman insurance receipts. Business income computation rules apply, as far as practicable, to this head. en-us Thu, 20 Aug 2009 12:19:32 +0530 Thu, 20 Aug 2009 12:19:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10835 Deductions for income from residuary sources permit only expenditure wholly and exclusively for earning residuary income and subject to specified conditions. Allowable items include reasonable remuneration or commission, amounts determined under specified calculation methods, amounts allowable under related provisions for particular income types, and other non capital expenses. Certain receipts qualify as deductions when they meet prescribed premium, term and cap conditions, while explicit exclusions bar personal expenses, wealth-tax, and Keyman insurance receipts. Business income computation rules apply, as far as practicable, to this head. Act-Rules Bills Thu, 20 Aug 2009 12:19:32 +0530 https://www.taxtmi.com/acts?id=10835