https://www.taxtmi.com/acts?id=20407 Amendment inserts a new sub-clause permitting a deduction for provisions for bad and doubtful debts made by a non-banking financial company, limited to an amount not exceeding five per cent. of the total income (computed before deductions under that clause and Chapter VI-A), and defines "non-banking financial company" by reference to the Reserve Bank of India Act; effective 1 April 2017. en-us Mon, 29 Feb 2016 16:21:58 +0530 Mon, 29 Feb 2016 19:05:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20407 Amendment inserts a new sub-clause permitting a deduction for provisions for bad and doubtful debts made by a non-banking financial company, limited to an amount not exceeding five per cent. of the total income (computed before deductions under that clause and Chapter VI-A), and defines "non-banking financial company" by reference to the Reserve Bank of India Act; effective 1 April 2017. Act-Rules Bill Mon, 29 Feb 2016 16:21:58 +0530 https://www.taxtmi.com/acts?id=20407