https://www.taxtmi.com/article/detailed?id=8122 Payment of a compulsory post-graduate service bond is a contractual payment made to obtain release from state-imposed service obligations so the doctor may practise, pursue further training, and improve earning capacity. The payment is neither personal nor capital in character but is incurred wholly and exclusively for the purpose of carrying on the profession. Therefore, such bond payments should be treated as an allowable expenditure against professional income, subject to proper evidence that the outlay was made in the course of professional activity. en-us Thu, 16 Aug 2018 06:36:04 +0530 Thu, 16 Aug 2018 06:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8122 Payment of a compulsory post-graduate service bond is a contractual payment made to obtain release from state-imposed service obligations so the doctor may practise, pursue further training, and improve earning capacity. The payment is neither personal nor capital in character but is incurred wholly and exclusively for the purpose of carrying on the profession. Therefore, such bond payments should be treated as an allowable expenditure against professional income, subject to proper evidence that the outlay was made in the course of professional activity. Articles Income Tax Thu, 16 Aug 2018 06:36:04 +0530 https://www.taxtmi.com/article/detailed?id=8122