https://www.taxtmi.com/acts?id=49032 Expenditure laid out or expended wholly and exclusively for the purposes of business or profession is allowable, subject to exclusions for capital and personal expenses and specified disallowances: payments for purposes that are offences or prohibited by law; corporate social responsibility expenditures; and advertisements in political party publications. Illegal expenditure includes payments for acts constituting offences, benefits whose acceptance would violate conduct rules governing recipients, compounding offences, and settling proceedings for contraventions under laws notified by the Central Government. en-us Fri, 14 Feb 2025 16:19:27 +0530 Fri, 14 Feb 2025 16:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49032 Expenditure laid out or expended wholly and exclusively for the purposes of business or profession is allowable, subject to exclusions for capital and personal expenses and specified disallowances: payments for purposes that are offences or prohibited by law; corporate social responsibility expenditures; and advertisements in political party publications. Illegal expenditure includes payments for acts constituting offences, benefits whose acceptance would violate conduct rules governing recipients, compounding offences, and settling proceedings for contraventions under laws notified by the Central Government. Act-Rules Bills Fri, 14 Feb 2025 16:19:27 +0530 https://www.taxtmi.com/acts?id=49032