https://www.taxtmi.com/article/detailed?id=5170 Making a provision for bad and doubtful debts is not equivalent to writing them off and should be treated differently for deductibility. Foreign tour expenses for bona fide business revival, with board approval and foreign exchange clearance and reporting, are allowable business deductions. Actuarial provisions for gratuity are disallowed unless contributed to an approved fund or a liability has arisen. Tea bushes used in integrated tea operations qualify as plant. Statutory tenancy rent is a statutory liability; compensation for agricultural land used as tea garden is not capital gain. en-us Mon, 24 Jun 2013 19:14:30 +0530 Mon, 24 Jun 2013 19:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5170 Making a provision for bad and doubtful debts is not equivalent to writing them off and should be treated differently for deductibility. Foreign tour expenses for bona fide business revival, with board approval and foreign exchange clearance and reporting, are allowable business deductions. Actuarial provisions for gratuity are disallowed unless contributed to an approved fund or a liability has arisen. Tea bushes used in integrated tea operations qualify as plant. Statutory tenancy rent is a statutory liability; compensation for agricultural land used as tea garden is not capital gain. Articles Income Tax Mon, 24 Jun 2013 19:14:30 +0530 https://www.taxtmi.com/article/detailed?id=5170