https://www.taxtmi.com/highlights?id=60300 Allowable deduction - Education Cess (EC) and Secondary & Higher Education Cess (SHEC) on income-tax - It is settled that, education cess on income-tax, dividend distribution tax and fringe benefit tax is not a disallowable expenditure under section 40(a)(ii) of the Act having been expressly excluded from section 40(a)(ii) - education cess and secondary & higher education cess is an allowable deduction being not hit by the provisions of section 40(a)(ii) of the Act. - AT en-us Fri, 29 Oct 2021 05:22:41 +0530 Fri, 29 Oct 2021 05:22:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60300 Allowable deduction - Education Cess (EC) and Secondary & Higher Education Cess (SHEC) on income-tax - It is settled that, education cess on income-tax, dividend distribution tax and fringe benefit tax is not a disallowable expenditure under section 40(a)(ii) of the Act having been expressly excluded from section 40(a)(ii) - education cess and secondary & higher education cess is an allowable deduction being not hit by the provisions of section 40(a)(ii) of the Act. - AT Highlights Income Tax Fri, 29 Oct 2021 05:22:41 +0530 https://www.taxtmi.com/highlights?id=60300