https://www.taxtmi.com/acts?id=48688 Amendments to section 36 change wording and deduction conditions: clause (vii)'s proviso substitutes "an assessee" for "a bank" (retrospectively), clause (viii) requires a special reserve to be "created and maintained" and redefines "infrastructure facility" by reference to clause (23G) of section 10 (with effect from the later fiscal year), and sub section (2) replaces clause (v) to deny deduction for debts relating to advances under clause (viia) unless the amount has been debited in the previous year to the provision for bad and doubtful debts. en-us Thu, 13 Feb 2025 17:36:11 +0530 Thu, 13 Feb 2025 17:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48688 Amendments to section 36 change wording and deduction conditions: clause (vii)'s proviso substitutes "an assessee" for "a bank" (retrospectively), clause (viii) requires a special reserve to be "created and maintained" and redefines "infrastructure facility" by reference to clause (23G) of section 10 (with effect from the later fiscal year), and sub section (2) replaces clause (v) to deny deduction for debts relating to advances under clause (viia) unless the amount has been debited in the previous year to the provision for bad and doubtful debts. Act-Rules F. Acts / Amendment Acts Thu, 13 Feb 2025 17:36:11 +0530 https://www.taxtmi.com/acts?id=48688