https://www.taxtmi.com/acts?id=51653 Deductions in the Chapter are allowable from gross total income but cannot exceed the gross total income; deductions taken by an association for certain heads bar identical deductions for individual members. Part C deductions are exclusive, capped by the profits of the specific undertaking or business, and are contingent on timely filing and claiming in the return. Inter business transfers must be valued at market value where recorded consideration differs, and "market value" includes open market price or, for specified domestic transactions, an arm's length price. en-us Thu, 14 Aug 2025 10:51:36 +0530 Tue, 26 Aug 2025 17:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51653 Deductions in the Chapter are allowable from gross total income but cannot exceed the gross total income; deductions taken by an association for certain heads bar identical deductions for individual members. Part C deductions are exclusive, capped by the profits of the specific undertaking or business, and are contingent on timely filing and claiming in the return. Inter business transfers must be valued at market value where recorded consideration differs, and "market value" includes open market price or, for specified domestic transactions, an arm's length price. Act-Rules Income Tax Thu, 14 Aug 2025 10:51:36 +0530 https://www.taxtmi.com/acts?id=51653