https://www.taxtmi.com/acts?id=51565 Section 34 conditions deduction of business or professional expenditure on the test that it is not capital or personal and is laid out or expended wholly and exclusively for business or profession. Deductions are disallowed for expenditure connected with offences or prohibited by law, corporate social responsibility outlays mandated by corporate law, and advertising in political party publications; the prohibited-expenditure category includes payments linked to illegal acts, unlawful benefits to recipients, compounding offences, and settling notified contravention proceedings. en-us Wed, 13 Aug 2025 18:48:19 +0530 Sat, 23 Aug 2025 13:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51565 Section 34 conditions deduction of business or professional expenditure on the test that it is not capital or personal and is laid out or expended wholly and exclusively for business or profession. Deductions are disallowed for expenditure connected with offences or prohibited by law, corporate social responsibility outlays mandated by corporate law, and advertising in political party publications; the prohibited-expenditure category includes payments linked to illegal acts, unlawful benefits to recipients, compounding offences, and settling notified contravention proceedings. Act-Rules Income Tax Wed, 13 Aug 2025 18:48:19 +0530 https://www.taxtmi.com/acts?id=51565