https://www.taxtmi.com/news?id=41990 Expenditure incurred to settle proceedings in relation to contraventions or defaults under the Securities and Exchange Board of India Act, the Securities Contracts (Regulation) Act, the Depositories Act, and the Competition Act shall not be deemed to have been incurred for the purpose of business or profession and therefore shall not be allowable as a deduction; the change is effective from 1 April 2025 and audit reporting (Form 3CD) has been amended to capture such expenses. en-us Fri, 25 Apr 2025 17:23:55 +0530 Fri, 25 Apr 2025 17:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41990 Expenditure incurred to settle proceedings in relation to contraventions or defaults under the Securities and Exchange Board of India Act, the Securities Contracts (Regulation) Act, the Depositories Act, and the Competition Act shall not be deemed to have been incurred for the purpose of business or profession and therefore shall not be allowable as a deduction; the change is effective from 1 April 2025 and audit reporting (Form 3CD) has been amended to capture such expenses. News - Fri, 25 Apr 2025 17:23:55 +0530 https://www.taxtmi.com/news?id=41990