https://www.taxtmi.com/highlights?id=28260 Section 40 is applicable only when deductions u/s 30-38 are being made in computing income chargeable under the head 'profits and gains of business or profession' u/s 28. Similarly, provisions of section 40(a) are not applicable in case of charitable trust or institution where income and expenditure is computed in terms of section 11 - AT en-us Sat, 02 Apr 2016 14:02:40 +0530 Sat, 02 Apr 2016 14:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=28260 Section 40 is applicable only when deductions u/s 30-38 are being made in computing income chargeable under the head 'profits and gains of business or profession' u/s 28. Similarly, provisions of section 40(a) are not applicable in case of charitable trust or institution where income and expenditure is computed in terms of section 11 - AT Highlights Income Tax Sat, 02 Apr 2016 14:02:40 +0530 https://www.taxtmi.com/highlights?id=28260