https://www.taxtmi.com/acts?id=46814 Amendments to section 37 impose a cap on a specified allowance and define entertainment expenditure to cover hospitality to any person while excluding employee workplace food. They introduce a disallowance rule: twenty percent of the aggregate expenditure exceeding a threshold on advertising, sales promotion, running and maintenance of aircraft and motor cars, and hotel payments is not deductible, subject to measurement rules, employee-remuneration exceptions, carve-outs for overseas promotion, and sectoral exemptions for aircraft operators and hire-car businesses. en-us Tue, 31 Dec 2024 17:05:06 +0530 Tue, 31 Dec 2024 17:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46814 Amendments to section 37 impose a cap on a specified allowance and define entertainment expenditure to cover hospitality to any person while excluding employee workplace food. They introduce a disallowance rule: twenty percent of the aggregate expenditure exceeding a threshold on advertising, sales promotion, running and maintenance of aircraft and motor cars, and hotel payments is not deductible, subject to measurement rules, employee-remuneration exceptions, carve-outs for overseas promotion, and sectoral exemptions for aircraft operators and hire-car businesses. Act-Rules F. Acts / Amendment Acts Tue, 31 Dec 2024 17:05:06 +0530 https://www.taxtmi.com/acts?id=46814